$KOMA | Up +68% and first signs of rejection from the top ⚠️
📊 Price: 0.02196 after setting a new high at 0.0227
🔸 Volume is 10x the average, and open interest is up +152%
🔸 RSI is above 83 on the 1-hour and 4-hour charts (overbought)
🔸 The hourly candle touched 0.0227 and closed at 0.02195 with a long wick, suggesting initial rejection that is not yet confirmed
🔸 The broader trend is bullish, and only breaks below 0.0198
🎯 Levels:
🔴 Resistances: 0.0227, then 0.0234, then 0.0252
🟢 Supports: 0.0210, then 0.0204, then 0.0198, then 0.0185
⚖️ Trades:
🔴 Short: rejection from 0.0222 - 0.0226 | Stop 0.02285 | Targets 0.0204, then 0.0187
🔴 Breakdown short: 15-minute close below 0.0198 | Targets 0.0185, then 0.0178
🟢 Long: bounce from 0.0184 - 0.0188 | Stop 0.0175 | Targets 0.0204, then 0.0216
🟢 Breakout long: hourly close above 0.0227 | Target 0.0250 (high risk)
📌 My trade: Short from 0.02221 🔴
🛑 Stop 0.02315 | 🎯 0.0199, then 0.0183
After the first target, close half and move the stop to entry.
💡 The bias is bullish, but the market is overbought. No entry between 0.0198 and 0.0212 because it is the middle of the range.
⚠️ Not financial advice | DYOR
#binanc #KOMA
📊 Price: 0.02196 after setting a new high at 0.0227
🔸 Volume is 10x the average, and open interest is up +152%
🔸 RSI is above 83 on the 1-hour and 4-hour charts (overbought)
🔸 The hourly candle touched 0.0227 and closed at 0.02195 with a long wick, suggesting initial rejection that is not yet confirmed
🔸 The broader trend is bullish, and only breaks below 0.0198
🎯 Levels:
🔴 Resistances: 0.0227, then 0.0234, then 0.0252
🟢 Supports: 0.0210, then 0.0204, then 0.0198, then 0.0185
⚖️ Trades:
🔴 Short: rejection from 0.0222 - 0.0226 | Stop 0.02285 | Targets 0.0204, then 0.0187
🔴 Breakdown short: 15-minute close below 0.0198 | Targets 0.0185, then 0.0178
🟢 Long: bounce from 0.0184 - 0.0188 | Stop 0.0175 | Targets 0.0204, then 0.0216
🟢 Breakout long: hourly close above 0.0227 | Target 0.0250 (high risk)
📌 My trade: Short from 0.02221 🔴
🛑 Stop 0.02315 | 🎯 0.0199, then 0.0183
After the first target, close half and move the stop to entry.
💡 The bias is bullish, but the market is overbought. No entry between 0.0198 and 0.0212 because it is the middle of the range.
⚠️ Not financial advice | DYOR
#binanc #KOMA