🌧️ KSM Reaching The End Of Bullish ChannelKSM has been going strong in a bullish channel for quite some time now, but steam is starting to run out, with more and more selling pressure at the higher price ranges. There isn't much buying pressure either, so it will probably have a retracement before some more upside.
Expect KSM to go up a little more until we hit a local top (probably won't reach the top of the bullish channel) and start retracing downwards. We can see this from the RSI topping out and also the shrinking of green candles. If true, we can expect a retracement until around $420 and below, which would be a good time to buy in. We can then take profit near the ATH.
Of course, while unlikely, there's a possibility that KSM can betray all expectations and continue following the bullish channel. If you're holding KSM, it might be prudent to watch closely for signs of a reversal to sell and buy in at a lower price. If you're not holding KSM, it's too risky to buy in now, so don't FOMO and wait for a retracement or just let it go.
