#KSM
Descending Channel Tightening
• Price bouncing inside a clean Descending channel
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Descending Channel Tightening
• Price bouncing inside a clean Descending channel
• Rejected from midline, but holding short-term structure
• $13.50–14.00 is key breakout level for shift
Upside Setup
→ Break above the channel opens $17-18
→ Bulls could target $22+ in extended move
→ Bearish rejection drags it back to $10.90
Summary
Breakout or breakdown — KSM is coiled inside the trend line walls and ready to pick a direction.
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#KSM
• $4.0 – $4.5 support region
• $6.0 – $7.0 breakout resistance zone
• $63 major upside target
• Breakdown below the channel lows would invalidate the bullish setup
The current structure suggests bearish momentum is weakening while accumulation increases near the lows. If KSM manages to reclaim the upper channel resistance, the market could enter a much larger expansion phase after a prolonged downtrend.
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• $4.0 – $4.5 support region
• $6.0 – $7.0 breakout resistance zone
• $63 major upside target
• Breakdown below the channel lows would invalidate the bullish setup
The current structure suggests bearish momentum is weakening while accumulation increases near the lows. If KSM manages to reclaim the upper channel resistance, the market could enter a much larger expansion phase after a prolonged downtrend.
Powered by @Coins
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