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Technical Analysis Breakdown by CEO Richard Fetyko

In our latest trading video, Richard Fetyko, CEO of altFINS, dives deep into the technical analysis of Kaspa (KAS), illustrating the dynamic ways to leverage this cryptocurrency’s market behavior.

Watch Video: KASPA (KAS) Technical Analysis

Here’s what you’ll learn:

1. Identifying Trends

Understanding the market’s direction is crucial. Richard explains how to read trends that determine the bullish or bearish outlook of KAS.

2. Support and Resistance Levels

Master the art of identifying key price levels where Kaspa (KAS) could potentially face resistance or find support, aiding in making informed trading decisions.

3. Ascending Triangle Pattern

This pattern often leads to a bullish breakout. The video demonstrates how to spot these patterns and the strategies to trade them effectively.

4. Stop Loss (SL) Orders

Learn to manage risk by placing strategic stop loss orders. For Kaspa, a stop loss at $0.17 is recommended, safeguarding against larger potential losses.

Current Kaspa (KAS) Trade Setup

Source: altFINS

Kaspa remains in a strong uptrend, now trading in an Ascending Triangle pattern. This setup is typically a precursor to a bullish breakout, signaling a strong buy:

• Entry Point: We recommend entering a position once KAS breaks above $0.20.
• Target Price: Aim for a +20% rise with a target price of $0.24.
• Stop Loss: Set at $0.17, just below the prior swing low to protect your investment.

With 65 trade setups available in our Technical Analysis section, altFINS is committed to empowering traders to excel. Whether you’re a beginner or an experienced trader, our platform offers comprehensive tools and a community to support your trading journey.

Source: altFINS

Don’t miss out on the wealth of trading opportunities and educational resources available at altFINS. Upgrade today, join our community, and start trading with confidence. Explore our platform and subscribe for more insights and updates.