Rejection after sharp spike showing exhaustion at highs
$KSM SHORT
Trade Plan
Entry: $4.95 – $5.05
Stop Loss: $5.25
TP1: $4.70
TP2: $4.45
TP3: $4.10
Why this setup
Price made a strong impulsive move into resistance near $5.20 and immediately showed rejection with bearish candles. This looks like a liquidity grab above range highs followed by distribution. If price fails to reclaim $5.00, downside continuation toward previous support is likely.
Buy and Trade $KSM
KSMUSDT
Perp
4.798
+0.56%