QKC bloodbath ending soon?One year ago, QKC was having its swing high to 1450 sats. In just one year, it's trading now at 35 sats! Thanks god we are traders and not HODLers. This must be one of the hardest hits in the entire alt market. I can imagine we'll see at least some sort of mercy bounce.
Analysing it from TA perspective and not hope perspective, it seems we've fount support at the bottom of the wedge. On the 4h timeframe, we're trading above the yellow trendline. Those are 2 good signs that can show a reverse in the direction. If we can hold this price for a few days, we'll be able to close above the topside of the wedge.
The first short term targets should be 39 sats, followed by 42 sats. As a long term target, if/when we close above 42, we might see a test as high as 49 sats.
PSA: always put your sell target 1 sat below the real target in those low sat coins.
