$KOMA is grinding a rising support line into flat resistance at 0.0198 đą
$KOMA - Open long đą
Entry- 0.0180-0.0190
SL- 0.0165
TP- 0.0195-0.02-0.021
THESIS -
Every pullback since the 0.0190 low has been bought at a higher level, and that rising support keeps squeezing price into the 0.0198 ceiling where sellers have capped it twice. The sharp flush off 0.0198 was fully recovered within a few candles, which tells me the sellers up there are thinner than the last rejection made them look. A breakout above 0.0198 opens the run toward 0.0210, but if price closes back under 0.0165 the rising support is broken and this setup is invalid â
Trade $KOMA here đ
$KOMA - Open long đą
Entry- 0.0180-0.0190
SL- 0.0165
TP- 0.0195-0.02-0.021
THESIS -
Every pullback since the 0.0190 low has been bought at a higher level, and that rising support keeps squeezing price into the 0.0198 ceiling where sellers have capped it twice. The sharp flush off 0.0198 was fully recovered within a few candles, which tells me the sellers up there are thinner than the last rejection made them look. A breakout above 0.0198 opens the run toward 0.0210, but if price closes back under 0.0165 the rising support is broken and this setup is invalid â
Trade $KOMA here đ
