Long

KMDBTC Long Idea

Updated

Holding uptrend nicely, currently testing downtrend resistance at 0.0001162. Volume still pretty low, but looks like a solid entry if we can keep this trend going.

Entry: 0.0001130~0.0001160

Target:
1: 0.0001193 (untested downtrend)
2: 0.0001309 (untested downtrend)
3: 0.0001710 (tested downtrend, this is the top of the move up two weeks ago)

Stop: 0.0001085 (below uptrend)

Note

Good timing on this one, Binance announced staking and we got a quick pump.

I've fully exited in the 0.0001250~0.0001300 range for a quick 12%.

I expect a retrace similar to the XLM announcement last week, so I will stay out until this cools down. Looking at 0.0001193 to hold as support for a possible re-entry.

Note

KMD tried to hold on to our supports but as expected we have almost fully retraced from the staking announcement pump.

Possible re-entry on the 4HR trend line at 0.0001140~1150

TraderoftheCorn

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