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 🙂