$KOMA gave everyone plenty of time to accumulate around the 0.0130–0.0145 range over the past 12 hours, and now it's making a strong move higher.
With the price now around 0.0206, I know many of you are wondering if it's the right time to open a short.
My view? I'd stay patient. I wouldn't short it here. Jumping into a short while momentum is this strong could end up adding more fuel to the rally. It's better to wait for a clearer setup than to fight the trend.
Always manage your risk and do your own research. #KOMA
With the price now around 0.0206, I know many of you are wondering if it's the right time to open a short.
My view? I'd stay patient. I wouldn't short it here. Jumping into a short while momentum is this strong could end up adding more fuel to the rally. It's better to wait for a clearer setup than to fight the trend.
Always manage your risk and do your own research. #KOMA