$KAS is trading back into a strong supply zone where sellers could step in and regain control.
Trading Plan – Short $KAS
Entry: 0.0300 – 0.0310
SL: 0.0330
TP1: 0.0280
TP2: 0.0265
TP3: 0.0250
The recent bounce has pushed price back into a key resistance area that has previously triggered strong selling pressure. Despite the recovery, the overall market structure still favors the bears, with the current move appearing to be a corrective rally rather than a trend reversal.
Liquidity remains stacked below the recent swing lows, making those levels attractive downside targets. Unless buyers can reclaim and hold above the resistance zone with strong volume, the probability favors a rejection and a continuation toward lower price levels.
Manage your risk carefully, stay patient, and wait for confirmation before entering the trade.
DYOR (Do Your Own Research).
Trading Plan – Short $KAS
Entry: 0.0300 – 0.0310
SL: 0.0330
TP1: 0.0280
TP2: 0.0265
TP3: 0.0250
The recent bounce has pushed price back into a key resistance area that has previously triggered strong selling pressure. Despite the recovery, the overall market structure still favors the bears, with the current move appearing to be a corrective rally rather than a trend reversal.
Liquidity remains stacked below the recent swing lows, making those levels attractive downside targets. Unless buyers can reclaim and hold above the resistance zone with strong volume, the probability favors a rejection and a continuation toward lower price levels.
Manage your risk carefully, stay patient, and wait for confirmation before entering the trade.
DYOR (Do Your Own Research).