Greetings,
I have previously posted ideas with the main trend of the KMD coin, I recommend you get acquainted with it to start with.
At the moment, the trend is reversing and we can take another look at this coin. As it has a good chance to grow.
Many altcoins have formed a similar concave bottom or bowl formation, this one among them.
The price has already tested the 300 sat level (ascending triangle) 3 times. And the next time could be a true breakout.
Possible entry points for a trade
1. Breakdown of the triangle
2. pullback after breakdown
3. From the lower boundary of the triangle
4. from concave bottom support and lower channel (pink and green line).
Potential profit taking areas 550 Satoshi - breakout of the triangle and lower border of the channel
800 - completion of concave bottom formation and working out of the wedge
Further by resistance levels.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
If this information is useful, please like and subscribe, so as not to miss anything.
I have previously posted ideas with the main trend of the KMD coin, I recommend you get acquainted with it to start with.
Many altcoins have formed a similar concave bottom or bowl formation, this one among them.
The price has already tested the 300 sat level (ascending triangle) 3 times. And the next time could be a true breakout.
Possible entry points for a trade
1. Breakdown of the triangle
2. pullback after breakdown
3. From the lower boundary of the triangle
4. from concave bottom support and lower channel (pink and green line).
Potential profit taking areas 550 Satoshi - breakout of the triangle and lower border of the channel
800 - completion of concave bottom formation and working out of the wedge
Further by resistance levels.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
If this information is useful, please like and subscribe, so as not to miss anything.
