$KAS #KAS 📉
Direction: SHORT
Entry zone: 0.0289 to 0.0293
Stop loss: 0.0298
Target 1: 0.0283
Target 2: 0.0275
Kaspa is trading near 0.0291 dollars, down 1.33 percent in 24 hours, inside a range of 0.0285 to 0.0301 dollars, and the recent closes show sellers pressing lower, 0.0290, then 0.0289, then 0.0291, then 0.0289, then 0.0289. 🔴 My reading is that KAS is rolling over at the bottom of its range, because five closes stuck under 0.0291 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Bitcoin near 73,528 dollars gives it no help. A short from the current zone, with a stop above 0.0298, targets 0.0283 first and then 0.0275 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does KAS break 0.0283 today, or reclaim 0.0298 first? 🤔
Follow for more trades.
#Kaspa #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.0289 to 0.0293
Stop loss: 0.0298
Target 1: 0.0283
Target 2: 0.0275
Kaspa is trading near 0.0291 dollars, down 1.33 percent in 24 hours, inside a range of 0.0285 to 0.0301 dollars, and the recent closes show sellers pressing lower, 0.0290, then 0.0289, then 0.0291, then 0.0289, then 0.0289. 🔴 My reading is that KAS is rolling over at the bottom of its range, because five closes stuck under 0.0291 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Bitcoin near 73,528 dollars gives it no help. A short from the current zone, with a stop above 0.0298, targets 0.0283 first and then 0.0275 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does KAS break 0.0283 today, or reclaim 0.0298 first? 🤔
Follow for more trades.
#Kaspa #Crypto #FuturesTrading #TradingSignals
