KASPA is back in the trading range, presenting a potential bullish setup after flipping the long-term resistance around $0.094 into support. This flip represents a significant technical milestone that often precedes major upward moves.
Key Observations:
Successfully converted major resistance at $0.094 into support
Price is consolidating within the established trading range
RSI showing neutral momentum, leaving room for upside movement
Ascending trendline provides additional support confluence
Trading Setup:
Entry: Now, or wait for trendline break with volume confirmation
Target: Upper resistance zone around $0.18935 (marked in blue)
Stop Loss: Below the prior resistance now turned support at $0.094
Risk Factors:
Overall crypto market sentiment remains a key factor
The projected pink arrow suggests significant upside potential if the breakout materializes, making this an interesting risk-reward setup for patient traders. The successful support flip increases the probability of reaching the upper target zone.
Key Observations:
Successfully converted major resistance at $0.094 into support
Price is consolidating within the established trading range
RSI showing neutral momentum, leaving room for upside movement
Ascending trendline provides additional support confluence
Trading Setup:
Entry: Now, or wait for trendline break with volume confirmation
Target: Upper resistance zone around $0.18935 (marked in blue)
Stop Loss: Below the prior resistance now turned support at $0.094
Risk Factors:
Overall crypto market sentiment remains a key factor
The projected pink arrow suggests significant upside potential if the breakout materializes, making this an interesting risk-reward setup for patient traders. The successful support flip increases the probability of reaching the upper target zone.
Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
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tokenradar.ai/tv
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.
Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
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.