$KSM /USDT – Base Retest, Reversal Watch
From the chart you shared (15m–1H on Binance), KSM has swept liquidity near 6.99 and is now attempting to reclaim the 7.00+ zone. This looks like a base formation after a corrective leg, not a breakdown continuation.
Market Structure Insight
Trend: Short-term corrective → stabilizing
Structure: Lower high → liquidity sweep → higher low attempt
Key support: 6.98 – 7.00
Immediate resistance: 7.12 – 7.21
Buyers are defending sub-7 levels → selling pressure weakening
Momentum isn’t explosive yet, but structure favors a relief bounce if support holds.
Trade Setup (Scalp → Intraday)
Token: KSM/USDT
Current Price: ~7.04
24h Change: ~-4.0%
Entry Zone
6.98 – 7.05
(Buy near base / liquidity sweep zone)
Targets
Target 1: 7.12
(Minor resistance)
Target 2: 7.21 – 7.25
(Previous swing high)
Target 3: 7.45 – 7.60
(Relief rally extension if momentum builds)
Stop Loss
6.88
(Below sweep low + structure invalidation)
Breakout / Reversal Scenario
A clean 1H close above 7.21 with volume would confirm a short-term reversal and open room toward 7.45+ quickly. KSM tends to move sharply once key levels flip.
Risk Scenario
If price fails to hold 6.98, expect continuation toward 6.85–6.75 before any meaningful bounce.
Bias: Cautiously bullish above 6.98
Best Strategy: Buy near support with tight risk, or wait for confirmation above 7.21 — avoid chasing mid-range candles.
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