KSM (kusama) bullish set-up
Updated
KSMUSDT is looking bullish as it established a strong support above 392 and ready to march towards 480.
KSM is currently undergoing ABC correction. Presently, we are riding the B impulsive wave and found a stable support above one of the strong previous swing lows at 392 level. As long as we stay above this price , it makes sense to target 480. Nonetheless, if we see a throwback to anything lower than 392 with a couple of 4hr candles below, it means that the C corrective wave of the ABC correction is playing out, in which case the trade gets invalidated and gives us a fantastic chance of entering KSM at a discounted price.
If we remain strong and have a daily close above the ATH , we can expect new ATH's going forward.
KSM is currently undergoing ABC correction. Presently, we are riding the B impulsive wave and found a stable support above one of the strong previous swing lows at 392 level. As long as we stay above this price , it makes sense to target 480. Nonetheless, if we see a throwback to anything lower than 392 with a couple of 4hr candles below, it means that the C corrective wave of the ABC correction is playing out, in which case the trade gets invalidated and gives us a fantastic chance of entering KSM at a discounted price.
If we remain strong and have a daily close above the ATH , we can expect new ATH's going forward.
Trade closed: target reached
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