🔥 KuCoin Token Will Fall: Ideal Entry Point Spotted
KCS has been in a very steady downtrend ever since the 2022 top. My view is that KCS will see more downwards pressure over the next coming months. Remember that KCS has steadily been losing value during 2023 and is currently trading around 30% lower than its value on January 1st 2023, which is a bearish outlier.
For now, we can see an oversold bounce towards the top purple trendline. However, I'm anticipating a rejection and more shorting to occur around that area.
Ideally, KCS will move all the way down towards the bottom purple support. From there I'm willing to consider an entry with a 25$ target. This trade has a risk-reward of a 45, which is incredibly good.
For now, we can see an oversold bounce towards the top purple trendline. However, I'm anticipating a rejection and more shorting to occur around that area.
Ideally, KCS will move all the way down towards the bottom purple support. From there I'm willing to consider an entry with a 25$ target. This trade has a risk-reward of a 45, which is incredibly good.
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