Hello, friends!
This is ESS team.
We got the KLAYUSDT chart for you!
Let's do analyze together.
1. Now KALYUSDT is drawing a bearish extended wave.
If it goes up and breaks through the top of the GREEN bearish extended wave and retest safely, KLAYUSDT has a good reason to rise up.
2. The drawn downtrend line is the trend line connecting the two high points...
💎 KLAY has recently become a focal point in the market, achieving a breakout from the key supply area, marked by a notable green candle.
💎 There's a potential for KLAY to enter a retesting phase around the $0.188 - $1.830 demand zone before it can resume its upward momentum towards our targeted Bullish OB area.
💎 However, if KLAY fails to maintain its position...
🔴 KLAYUSDT
TF: 1H
Side: Short
SL: $0.1557
Pattern: Rising Wedge
TP 1: $0.1473
TP 2: $0.1421
TP 3: $0.1379
KLAY has had a great run but is now looking overbought on 1H and 4H time frames.
I am expecting a pullback to support around $0.1379.
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Everything on the chart.
Entry: market and lower
Target: 1.6 - 2.3 - 2.8
after first target reached move ur stop to breakeven
Stop: under 0.9 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 6
risk is justified
Good...
