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HxroLabs
Mar 23, 2021 12:23 AM

KMD long on break of key resistance!  Long

Komodo / BitcoinBinance

Description

Komodo (KMD) just broke and closed above a key resistance level that price has been testing since mid-February.

The buy volume at the lows has been very strong, indicating interest from buyers here.

Major resistance lies above in the mid 500's with a Chaos PRZ + Short Reload zone .702 sweet spot lining between 640-660 sats.

With BTC breaking down from range highs we'd expect a good chance that Altcoins outperform here in the mid-term, making a setup like this irresistible for the bulls!
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