ro_se

ro_se Updated 

While I do believe that we are in for a quite sizable bounce here soon in the market, I am still of the mind that we will have a bit more of a dip first. I am once again targeting KSM as a play for both sides (long and short) with a downside potential of approximately 24% and upside of 60% . SHORT: Target 1: $138 (12% Move) Target 2: $120 (12% Move) ...

ro_se

I am seeing a potential Diamond Top forming on both weekly and daily charts for KSM, as well as overall exhaustion in the price action in comparison to BTC and ETH. I plan to scale in slowly into a short position while being mindful of taking some off the table and re-adding as there may be some more upside with the current BTC volatility.

ro_se

Confirmation of bearish trend started at failure to get back in line after failing the rising wedge at ATH IMO. I think we will be seeing lots of volatility between here and 50k for the next month. Lows from here I am looking for is 24k.