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KSM/USD - New Entry: 390-395 SL: 339 Target: 575, SL=13.0 | Lex & Crypto ✪

KSM/USD - New


Entry: 390-395
SL: 339
Target: 575,
SL=13.08%, TP=47.44%,
RR=3.63
Risk=1%


CALL TECHNICAL EXPLANATION

I really like the structure of KSM here - the retrace is channeling nicely and we're sitting above mid-range. I think another tap of the channel support is unlikely and if we do head in that direction, we'd likely go lower towards the 300-310 level.

Fundamental Analysis catalyst : KSM Parachains going live.