KusamaShort
Kusama will drop
Updated
Hi traders,
We expect Kusama to retest the resistance level at 64.95. We believe that this resistance will act as a resistance and the price will get rejected. So then in my opinion, price will start the downward trend until the previous support level.
Entry level at 64.5 right after the price hits the resistance, our target is at 56.60 the exact previous support level. Finally, stop loss is at 68.52 to achieve a risk award ratio of 3.87.
We expect Kusama to retest the resistance level at 64.95. We believe that this resistance will act as a resistance and the price will get rejected. So then in my opinion, price will start the downward trend until the previous support level.
Entry level at 64.5 right after the price hits the resistance, our target is at 56.60 the exact previous support level. Finally, stop loss is at 68.52 to achieve a risk award ratio of 3.87.
Order cancelled
Pullback occured earlier than expected . Trade cancelled
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