$KSM just made a sharp spike to 7.87 and now cooling off at 7.68.

Price is below MA7 (7.72) & MA25 (7.73) but still above MA99 (7.61) — market is deciding its next move.

Key Levels

Resistance: 7.74 – 7.87

Strong Support: 7.60 – 7.55

Trade Idea

Bullish scenario: If KSM holds above 7.60 and reclaims 7.74, expect a fast move back to 7.85–8.00

Bearish scenario: If 7.60 breaks, price can slide toward 7.50–7.45

Momentum Insight

Spike shows strong demand

Current pullback looks like healthy consolidation

Volume cooled → next candle will decide direction

Risk Management

Use tight SL

Don’t chase breakouts

Let confirmation lead the trade

Market is quiet…

But KSM is loading its next move