KMDBTC Breakout Is Imminent According to Tom Demark CountKMDBTC gave a green 2 on the daily chart and broke the daily MA20. This a clear buy signal according to Tom Demark Count. Stoch RSI is oversold on the daily.
Also there is a bull flag formation on the 1H chart.
Here is my trading idea:
Long at: 1865-1875
TP1: 1918 TP2: 1970
Stop loss: 1740
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
KMDBTC trade ideas
KMDBTC Trade opportunityKMDBTC moving in rising channel after breaking out from the corrective falling wedge pattern.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
KMD Looking to be in ready for a breakoutLooking at the day chart, it looks like KMD has been accumulating for the past few months, establishing a very solid support line.
Been bouncing off that support line for weeks now.. Looks due for another rally any time soon.
First target around previous resistance of 39k, then 56k, then around 70k.
Personally would set SL at 22k.
Long first retest on $KMDBTCLooking for a long at around 1.8k on $KMDBTC.
I was originally look to enter at around 1.9k but after looking at the Daily chart it looks like 1.8k could provide a much better entry.
No need to rush it, id rather wait for a better setup than risking getting stopped out.
Patience is key.