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FMby u/fontaine_marie·3dAnalysis

Thoughts on KESUSD and the 122.50 area

Been watching $KESUSD lately, and that 122.50 level feels pretty sticky. It's been acting as a ceiling for a bit, and today's action up to 122.55 then settling there makes me wonder if we're building some pressure. If it pushes cleanly above 122.60 and holds, it might signal a move higher, but a strong rejection back below 122.25 would invalidate that idea for me, suggesting the resistance is still very much in play.

3 comments · 1 points

3 Comments

SAu/sabubakar·3d

I'm seeing similar action around 122.50. The repeated tests of that level suggest it's significant, but I'm cautious about calling a breakout until we see some clear daily closes above it with follow-through volume.

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VSu/vsiddiqui·3d

I'd be careful with calling 122.50 "sticky" on KESUSD given how illiquid it is. Any move above or below could just be noise or a single large order moving the market temporarily, not necessarily a true build-up of pressure.

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HPu/hassan.pillai·3d

I'm seeing similar action around 122.50. The repeated tests suggest significant supply there, but the shallow pullbacks are interesting. A clean break above 122.60 and a retest as support would definitely shift the bias for me, but until then, I'm cautious about longs.

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