KOMA just made a huge move. Price is 0.021068 and up 61 percent in 24 hours. Two big green candles on high volume pushed it from 0.016 to 0.0216, and the latest candle is red with a small body. That tells me buyers are getting tired near the top.
RSI is at 87 on the 6 period and 83 on the 14 period. That is very overbought. After a pump like this a pullback is normal. MACD is still bullish but the gap is stretching fast.
Resistance is at 0.021643, the 24h high. If price breaks and holds above it, the next target is around 0.0225.
Support levels are 0.020477 first, then 0.018968, which is the middle of the big candle. Strong support sits at 0.017458. If that breaks, the whole pump is in danger.
Best plan is to avoid chasing here. A safer long entry is a pullback near 0.0190 to 0.0185 with a stop below 0.0174. Short traders should wait for a clear rejection at 0.0216.
This is not financial advice. Always use a stop loss.
$KOMA
#CPITestsDecemberRateOutlook #PriceActionAlwaysWin #Market_Update
RSI is at 87 on the 6 period and 83 on the 14 period. That is very overbought. After a pump like this a pullback is normal. MACD is still bullish but the gap is stretching fast.
Resistance is at 0.021643, the 24h high. If price breaks and holds above it, the next target is around 0.0225.
Support levels are 0.020477 first, then 0.018968, which is the middle of the big candle. Strong support sits at 0.017458. If that breaks, the whole pump is in danger.
Best plan is to avoid chasing here. A safer long entry is a pullback near 0.0190 to 0.0185 with a stop below 0.0174. Short traders should wait for a clear rejection at 0.0216.
This is not financial advice. Always use a stop loss.
$KOMA
#CPITestsDecemberRateOutlook #PriceActionAlwaysWin #Market_Update
