KSM Kusama seeing some great resistance as the confluence of 50, 100, 200 EMAs around the 330 price level.
Price action showing long bearish wicks at this area, validating this area as strong resistance.
We look for a pullback down to the fib retracement of 0.618 @ 290 - 300 price level (white zone)
SL below the bullish wick of 23 Dec @ 267.5, where going below this level will give us invalidation of higher lows.
TP 1 @ 330
TP 2 @ 368
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Price action showing long bearish wicks at this area, validating this area as strong resistance.
We look for a pullback down to the fib retracement of 0.618 @ 290 - 300 price level (white zone)
SL below the bullish wick of 23 Dec @ 267.5, where going below this level will give us invalidation of higher lows.
TP 1 @ 330
TP 2 @ 368
Do like and comment your thoughts if you liked my content, follow me for fast updates on any real time trades.
Thank you for your support!
