HxroLabs

KMD long on break of key resistance!

Long
BINANCE:KMDBTC   Komodo / Bitcoin
Komodo (KMD) just broke and closed above a key resistance level that price has been testing since mid-February.

The buy volume at the lows has been very strong, indicating interest from buyers here.

Major resistance lies above in the mid 500's with a Chaos PRZ + Short Reload zone .702 sweet spot lining between 640-660 sats.

With BTC breaking down from range highs we'd expect a good chance that Altcoins outperform here in the mid-term, making a setup like this irresistible for the bulls!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.