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KSM/USDTPERP Potential Downward Movement

KSM/USDTPERP Long-Term Trend: Bearish

Key Resistance Levels: 156.33, 175.45, 176.00

Key Support Levels: 135.51, 121.66, 121.00

Daily Chart:

The price on the higher time frame is posting lower lows and highs which shows that we are in a clear downward movement. Recently, the coin succeeded to break a major key support around the 156.33 USDT mark which could lead to a further movement to the downside.

KSM/USDTPERP Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the coin as well is posting lower highs and lows. It managed to break an important swing low. A higher correction could be seen to this level before a further move to the downside toward the target profit.

Signal Idea:

Sell Limit Order @ 147.24

TP 1 @ 135.51

TP 2 @ 121.66

Stop Loss @ 152.21

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

2 comments

  1. It’s my first day of joining your channel both on YouTube and Telegram, I m a beginner, so as today is Sunday, I will be waiting for Monday to have your free signals, to be honest I m really excited to have a kind of new experience with you guys

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