$KSM just printed a strong impulsive breakout from the 6.30–6.40 base, squeezing shorts hard into ~8.05. This move is momentum-driven, not a slow trend build, so chasing here is risky. After such a vertical candle, the market usually needs either consolidation or a pullback before continuation.

Key level to watch is 7.60–7.40. Holding above this zone keeps the structure bullish and opens room for 8.40–8.80 later. A clean loss of 7.40 would signal exhaustion and increase odds of a deeper retrace toward 7.00–6.80.

Bias: bullish but not a chase

Best play: wait for a pullback or tight consolidation

Invalidation: sustained acceptance back below 7.40

Momentum is real, but patience here matters more than speed.