đ $KSM is showing a potential technical setup!
The 1-week chart displays a prolonged macro consolidation following a descending trendline, with price stabilizing near the $4.368 support region.
đ The Technical Setup:
âą The Pattern: Falling Wedge / Accumulation Base
âą Short-term Target: $7.500
âą Macro Objective: $47.500
âą Market Structure: Reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: $2.500 - $4.000
âą Resistance: $7.500
âą Breakout Level: $5.000
âą Stop Loss / Invalidation: $2.500
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Price action stabilizing at lows
âą Trend: Macro downtrend testing support floor
â ïž Invalidation:
A decisive weekly close below $2.500 invalidates the setup.
Monitor closely for a breakout confirmation above the immediate descending resistance.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#KSM/USDT #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The 1-week chart displays a prolonged macro consolidation following a descending trendline, with price stabilizing near the $4.368 support region.
đ The Technical Setup:
âą The Pattern: Falling Wedge / Accumulation Base
âą Short-term Target: $7.500
âą Macro Objective: $47.500
âą Market Structure: Reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: $2.500 - $4.000
âą Resistance: $7.500
âą Breakout Level: $5.000
âą Stop Loss / Invalidation: $2.500
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Price action stabilizing at lows
âą Trend: Macro downtrend testing support floor
â ïž Invalidation:
A decisive weekly close below $2.500 invalidates the setup.
Monitor closely for a breakout confirmation above the immediate descending resistance.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#KSM/USDT #crypto #BinanceSquare #tradingview #TechnicalAnalysis
