Title: $KSM Support Test ⚖️
$KSM/USDT (Perp) – Range/breakdown watch
Long Entry: 5.05–5.06 (support)
TP: 5.15 / 5.30
SL: 4.98
Short Entry: Break below 5.05
TP: 4.90
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
Price broke below the rising trendline that supported the move from LL (4.62) to HH (5.35), and is now testing horizontal support at 5.05–5.06, near the bottom of the recent consolidation range.
Bullish scenario: if 5.05–5.06 holds, entry there targets 5.15 (range resistance) then 5.30 (LH/HH zone).
SL at 4.98, just under support. Bearish scenario: a confirmed close below 5.05 favors a drop toward 4.90 (teal support line), since the trendline break plus RSI rolling over from 50 toward 41 shows fading momentum.
This is a decision point, not a clean trend — wait for confirmation (a reclaim or a clean breakdown candle) rather than entering mid-range.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper
$KSM/USDT (Perp) – Range/breakdown watch
Long Entry: 5.05–5.06 (support)
TP: 5.15 / 5.30
SL: 4.98
Short Entry: Break below 5.05
TP: 4.90
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
Price broke below the rising trendline that supported the move from LL (4.62) to HH (5.35), and is now testing horizontal support at 5.05–5.06, near the bottom of the recent consolidation range.
Bullish scenario: if 5.05–5.06 holds, entry there targets 5.15 (range resistance) then 5.30 (LH/HH zone).
SL at 4.98, just under support. Bearish scenario: a confirmed close below 5.05 favors a drop toward 4.90 (teal support line), since the trendline break plus RSI rolling over from 50 toward 41 shows fading momentum.
This is a decision point, not a clean trend — wait for confirmation (a reclaim or a clean breakdown candle) rather than entering mid-range.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper