View on $KC at 9.54: Is this drop just a pullback or a continuation?
Được dịch tự động từ bản gốc · Đọc bản gốc (English)
Saw $KC pull back quite sharply today at 9.54 after hitting a key resistance level around 9.655 yesterday and failing to break through. Personally, I think this sell-off might just be a consolidation to test support before attempting to move up again. However, if it really breaks below the support around 9.29, that would be concerning, as it could open the way for further downside.
Now we'll have to wait and see if the price can hold above 9.29. If it breaks below that, the short-term uptrend seen earlier would need to be completely re-evaluated. The risk is if it closes below 9.29.
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