KSM.USDT (Y21.P1.E1).Another breakout formation

Hi All,

I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc

MY THOUGHTS:
Structure is likely completing a ascending triangle with 2 touches to the top for the breakout.
Indicators show upward pressure, on the 4 hrly.
8 HRKY looks good on the indicators
Liquidity is OK on Binance, 11 million today.

How to trade this?
I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout.


All the best,

S.SAri

Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper.
Hence better to wait for the break out to a new higher low.

8 HRKY looks good on the indicators