Idea for spot trade (long) - Komodo KMDKomodo is an open multi-chain blockchain platform - offering an opportunity for projects to create their own blockchains and host token sales.
This (KMD) is a hard-fork from Zcash - the team is building (initially) the AtomicDex app - a decentralised exchange with native compatibility for 99% of all cryptocurrencies - as claimed from their website - see link below:
komodoplatform.com
I think the following is worth a punt and as such I'm long spot as follows:
Buy (in) @ 0.454
Target sell @ 2.992
---> potential x6.3 return
Atomicdex
$KMD/USDT 1D (Binance Spot) Descending trendline break & retestkomodoplatform.com is up-trending for a few months now and is very likely to continue bullish!
Komodo features AtomicDEX, a non-custodial wallet and atomic swap DEX rolled into one application.
Risk/Reward= 1:1.75 | 1:3.67 | 1:7.38
Expected Profit= +35.83% | +75.02% | +151.01%
Possible Loss= -20.46%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 months
Current Price:
1.1026
Entry Zone:
1.0960 - 0.9860
Take-Profit Targets:
1) 1.4140
2) 1.8220
3) 2.6130
Stop Targets:
1) 0.8280