Evening Traders,
Today’s analysis- KSMUSDT, trading in a valid apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Range Low S/R Support
- Range High Resistance
- 200 MA Dynamic S/R
- Declining Volume
KSMUSDT’s immediate price action is Impulsive where breaking its internal trend line will increase the probability of testing Range Low- allowing for a long bias.
The Range Low is in technical confluence with the 200 MA and the .50 Fibonacci, marking a true trade location.
The immediate volume profile is declining; this is suggestive of an expansion occurring in the gradual short term.
Overall, in my opinion, KSMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work,
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Today’s analysis- KSMUSDT, trading in a valid apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Range Low S/R Support
- Range High Resistance
- 200 MA Dynamic S/R
- Declining Volume
KSMUSDT’s immediate price action is Impulsive where breaking its internal trend line will increase the probability of testing Range Low- allowing for a long bias.
The Range Low is in technical confluence with the 200 MA and the .50 Fibonacci, marking a true trade location.
The immediate volume profile is declining; this is suggestive of an expansion occurring in the gradual short term.
Overall, in my opinion, KSMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work,
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.