Looking at the 15-minute chart, the KSM downside signal is very clear. From a technical perspective, around $7.75 is a good entry point for shorting, with a stop loss set at $7.85.
Regarding take profit, I suggest a two-step approach—first take partial profits at the short-term support level of $7.67, as there is likely to be a rebound here, so don't be greedy. If the market continues to decline, the target is $7.55. This coin lacks technical and ecological support, and once the downside opens up, the drop could be quite significant. Make sure to calculate the risks and rewards clearly and act within your means.
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CryptoMom
· 8h ago
Another short trap like this, I've been tired of KSM for a long time... Enter short at 7.75? Last time I did this, I got smashed to pieces. I don't believe this time will be any different.
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GasFeePhobia
· 01-13 11:07
KSM really doesn't have much of a story, and it seems like no one is willing to buy in when it drops. Shorting at 7.75 still carries some risk.
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ZKSherlock
· 01-11 21:09
Actually, those support levels you're citing... have you considered what *information theoretic assumptions* underpin your technical analysis? Because ngl, the whole "lack of ecosystem support" argument sounds like you're conflating price action with actual cryptographic primitives. KSM's value proposition isn't really a math problem you can just solve with chart patterns, you know?
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Darah378Mili
· 01-11 18:30
It's impressive that even with many purchases showing, it still doesn't sustain a high.
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PonziWhisperer
· 01-11 16:51
KSM's decline is indeed quite sharp. Entering short at 7.75 still requires caution, as there's a significant risk of a rebound.
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MerkleMaid
· 01-11 16:40
I've always felt that KSM doesn't have much ecosystem support. Shorting at $7.75 could be worth a try, but it's better to be cautious.
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DataPickledFish
· 01-11 16:34
KSM doesn't really have any fundamental support, it's all about the technicals. Shorting at 7.75 sounds interesting.
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ImpermanentPhobia
· 01-11 16:34
KSM this crappy coin has no prospects anymore. Shorting it is fine, just worried about a rebound smashing into my hands.
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CryptoTherapist
· 01-11 16:22
ngl, ksm's chart is giving real anxiety vibes rn... that $7.75 setup does hit different when you zoom into 15min though. like, the psychological resistance here feels genuinely fragile, you know?
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OnchainArchaeologist
· 01-11 16:22
KSM really lacks ecosystem support. Once the space opens, I can't stop. I lean towards seeing 7.55.
Looking at the 15-minute chart, the KSM downside signal is very clear. From a technical perspective, around $7.75 is a good entry point for shorting, with a stop loss set at $7.85.
Regarding take profit, I suggest a two-step approach—first take partial profits at the short-term support level of $7.67, as there is likely to be a rebound here, so don't be greedy. If the market continues to decline, the target is $7.55. This coin lacks technical and ecological support, and once the downside opens up, the drop could be quite significant. Make sure to calculate the risks and rewards clearly and act within your means.