$KOMA ran +32% and this is what the structure shows right now đ
After climbing from 0.011525 to 0.017833 in 2 days (+32% on the day), momentum is showing signs of exhaustion.
It pushed above 0.016665 for a moment, got sold hard from 0.017833 and KOMA is now right at that old high again. Looks like a breakout that didn't hold, and anyone who bought up there is probably getting nervous.
My eyes are on $KOMA 0.015793, the low of the earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.017833 I'm out of this idea.
đ My KOMA trade: short from 0.01678, stop at 0.017273, target 0.015793 (+5.9%, 1:2)
đ 24h Vol: $35.2M | 24h Chg: +31.6% | Funding: +0.0050%
Agree or disagree? Let me know đ
Follow for daily chart breakdowns đ
Just my view, not financial advice.
#KOMA #Analysis #Trading
After climbing from 0.011525 to 0.017833 in 2 days (+32% on the day), momentum is showing signs of exhaustion.
It pushed above 0.016665 for a moment, got sold hard from 0.017833 and KOMA is now right at that old high again. Looks like a breakout that didn't hold, and anyone who bought up there is probably getting nervous.
My eyes are on $KOMA 0.015793, the low of the earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.017833 I'm out of this idea.
đ My KOMA trade: short from 0.01678, stop at 0.017273, target 0.015793 (+5.9%, 1:2)
đ 24h Vol: $35.2M | 24h Chg: +31.6% | Funding: +0.0050%
Agree or disagree? Let me know đ
Follow for daily chart breakdowns đ
Just my view, not financial advice.
#KOMA #Analysis #Trading
