Direction
Long
Published
October 3, 2024
Status
TV Link
Token
KAS
Trigger
Chart Pattern
Type
Updated
October 10, 2024
KAS has been trading in a solid uptrend channel since the end of last year. So far, the lower trendline of the channel has held perfectly. Right now, KAS is about to touch the lower trendline once again.
This might be the perfect entry for a long-term trade with a potential of 60% to the upside. However, this is no trade you have to rush. Wait for a clear reversal before entering. On top of that, the lower trendline must hold — even in the case of further correction.
Trade Setup:
- Entry: A bounce from the lower channel’s trendline
- Target: Upper trendline
- Stop Loss: Slightly below the lower trendline
