Market analysis
A perfect bounce off the support ❗️
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💎On June 1, the KuCoin token had a perfect bounce off the 61.8% Fibonacci level at $16.18. We can also see a higher high and higher low pattern suggesting the continuation of an uptrend.
💎As long as the price remains above $16.18 support, KCS/USD will produce a new HH. The nearest resistance is at $18.00, but if broke, the price might jump as high as $19.31.
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Market analysis is one of the layers the MyCryptoParadise team reads before building a setup. The trades, and the reasoning behind them, are shared inside ParadiseFamilyVIP.
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