KSM is trading sideways between $145 and $115 just below key resistance $150.
Due to Russia – Ukraine war entire market is in defense.
To continue its uptrend KSM needs to flip $150 resistance.
Every move above $150 is bullish and every move below $100 is bearish .
As long as, KSM is ranging in this area it is not recommended to open neither short or long position, wait for the breakout or breakdown.
If the situation (war or something else) worsens, price may reach $60 or even $46.5. In this scenario, I think this will be the bottom.
In a bullish scenario, we may see $500 – 600 or even a new high near $956.
Be careful with your money, no one knows what will happen next in the world.
Trading a probability game.
Not financial advice. Always do your own research.