Long

Kusama ($KSM) channel breakout?

Updated

was on fire after the announcement that parachain auctions were starting. A natural correction of the overhype has been in play for the last 12 hours, also dragged down by pulling back to 36k. is on the rise again but has broken out of its downward channel, coming back to test the top of it and not potentially breaking out to the upside. On the 15 minute chart there could be a good scalping opportunity here given has continued in the upward direction while came back to test the top of the channel.

Note

The target is around the weekly R2, closing at $521.

myleztone

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