KSM or Kusama has done a rare chart that I have not seen in a while. It's been moving up on this support line since March 2020! Any buy when the price touched the support line was an instant profit, EVERY TIME. I count at least 12 times.
So for how long can this momentum last? I believe we still have fuel in the tank that can propel us to $150 and once pass that $400 is in reach. The indicators + volume also look good to me.
This idea will be invalidated as soon as we drop under the support line and we re-test it as resistance. That will also signal that this bull run is over and we're due for a significant correction.
For now we may also face some resistance represented by middle line in this ascending channel which is also close to the $150 value.
As such, watch the price action, because if we happen to fall to support, that may give us a great buy opportunity.
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So for how long can this momentum last? I believe we still have fuel in the tank that can propel us to $150 and once pass that $400 is in reach. The indicators + volume also look good to me.
This idea will be invalidated as soon as we drop under the support line and we re-test it as resistance. That will also signal that this bull run is over and we're due for a significant correction.
For now we may also face some resistance represented by middle line in this ascending channel which is also close to the $150 value.
As such, watch the price action, because if we happen to fall to support, that may give us a great buy opportunity.
Like and follow if you liked this idea!
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🔹 Real trades & wins explained
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