๐จ After the latest correction that frightened most traders and the outflow of a lot of liquidity from the market, an exciting technical opportunity has started to appear on
$KSM The price is currently trading near 3.30$, and this is an area that saw a technical rebound after a strong sell-off. With the market stabilizing, we may witness an attempt to recover higher levels. The latest movement suggests it could be a technical rebound from oversold zones, but confirming the trend requires a breakout above the upcoming resistances.
๐ฏ Proposed trade:
$KSM Entry: 3.20 โ 3.35$
Stop loss: 2.95$
First target: 3.60$
Second target: 4.10$
Third target: 4.60$
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The risk-to-reward ratio is considered good if the price holds trading above the 3.15$ area, while breaking it could lead to a retest of the recent lows.
My personal opinion: everyone should enter this tradeโbecause I personally entered it with a strong portion of my capital.. Be strong and stay a successful trader
$KSM โ ๏ธ Money management is more important than any tradeโdonโt enter with all of your liquidity. This is personal analysis and not an investment recommendation.
#ksm #deal #recommendation