Trend reversal coming soon, Bearish KASusdt/Kaspa

This analyse is ANTI FOMO/FUD, this ananalyse is realistic. I hear stories from KASPA believers that Kaspa will defeat Bitcoin, that it will only go UP. we heard those stories million times with other projects, just to mention Luna, Solana, matic, FTT and so many more. what did they ALL HAVE IN COMMON? they ALL DUMPED.

So now, i look at kaspa, i see LOW volume, i see overbought RSI, i see bearish divergence, i see more than 30,000% price increase, i see almost 1 year of uptrend, this is all SIGNS of exhaustion and signs of TREND REVERSAL. nothing goes UP forever, when you see indicators flashing ALERTS, its time to LEAVE.

i predict with GOOD market condition and stable BTC, kaspa MAY STILL go to around 0,055 or 0,08 MAX.

BE CAREFUL. #kasusdt #bitcoin #kucoin #MEXC #kaspa KASUSDT KASUSDT KASUSDT

Trade ativo:

Short opened around 0,051
(ATTENTION: price can still go higher, but i will ADD to my short position)

Stop-loss at 0,081
Take-profit at: 0,034, 0,026, 0,013

Comentário:

Guys, EVERYTHING is going according plan. Now we need PATIENCE.

remember. in trading world, patience is KEY.

Comentário:

Until now things are going good.. remember: patience is key.

Comentário:

Trade is still open, first target almost reached which is 0,034.

Comentário:

I can see that Kaspa has created a Head and shoulder pattern which gives us the target at 0,032. interesting.

ps. my trade is still open..

Trade fechado: objetivo atingido:

This trade was very succesfull and i have reached my take-rofit target of 0,032. Head and shoulder pattern played out very good. I do believe that kaspa can correct to 0,022 and after that maybe uptrend will come again.