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KSM / TETHER Standard Futures

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KSMUSDT.PS trade ideas

Stalemate: KSM Long and Short IdeaWhile I do believe that we are in for a quite sizable bounce here soon in the market, I am still of the mind that we will have a bit more of a dip first. I am once again targeting KSM as a play for both sides (long and short) with a downside potential of approximately 24% and upside of 60% . SHORT: Target 1: $138 (12% Move) Target 2: $120 (12% Move) LONG: Target 1: $200 (24% Move) Target 2: $255 (28% Move) I currently have a short position, but am actively watching the market for which direction we take from here while we rest on that the $160 support area.
by ro_se
6
Kusama (KSM) Looking Strong Good UpsideI know the market sentiment has been "extremely bearish." And we are in a bear trend, I wouldn't consider this a bear market officially just yet. Now is the time to really start thinking which projects will perform when we inevitably overcome the cloudy summer season of FUD storms and on to sunnier days in cryptocurrency. Kusama is looking strong and will most likely be at the forefront of the next DeFi Mania wave along with Polkadot (DOT) of course as these projects are going to be key cryptocurrencies in the expansion of DeFi. The Kusuama parachain auctions have have started and will be live for the next couple of weeks. With this recent Bitcoin dip there was a massive sell off as many people are getting out of their Alt coin positions. We formed a nice and important bounce for Kusama starting to form a new level of support after this capitulation . Of course if Bitcoin experiences another massive plunge bringing it deeper in $20ks then we could see this support easily broken bringing down below the $100 range. Only 10 million coins already 89% through its circulating supply. Keep Kusama on your radar.
Long
by peacefuljustin
4
🔥 KSM Huge Channel Reversal: Long-Term AnalysisFor around 3 months now, KSM has been trading within a huge channel, marked by the green and red marked areas. Assuming BTC's low will remain at ~$28.8k, we can assume that KSM's local low will remain at ~$165. This gives a lot of room for a long term bullish move for KSM. I've marked a couple of resistances on the chart (dotted lines) for potential profit targets in the shorter-term. Be aware that this is a long-term trade, so it might take a while for the target(s) to get hit. Always keep an eye on BTC when trading alts. Happy trading!
Long
by FieryTrading
21
Kusama $KSM Possible Scenarios - 1DThere are 2 possible scenarios for Kusama ($KSM) that could play out: 1) KSM has formed a Head and Shoulders pattern on the daily timeframe. A confirmation of this would be a breakdown below the neckline level of ~$290. This would mean KSM would slump further. Note: The head and shoulders pattern on the OBV has already played out. 2) KSM could find support around the current level of ~$300. This, coupled with a reversal and a break of the OBV S/R level of ~3.25M could propel KSM to its former highs of ~$530 based on past patterns beginning in early March 2021. If this happens, price is expected to move according to the yellow squiggly line. This may give a possible return of 60%+. Please note that this is not financial advice but merely an idea. Twitter: @TraderLH
by LuqH