In early August 2024 Kusama (KSMUSDT) hit its lowest price since August 2020, four years ago. Plain and simple; regardless of what happens next, this pair has potential for growth.
The low that was hit in August 2024 went below (lower) than the low that was hit in October 2023, which preceded the recovery year minor bullish wave. This means that all gains from this wave were completely removed.
If you compare this pair to Solana, or Binance Coin, or Toncoin; to name a few, you can see a huge difference.
Look at Tron, right now... Go ahead, I'll wait. Set up the weekly timeframe and zoom-out.
What do you see? ➖ TRXUSDT is trading near its All-Time High.
Now look at Kusama and set up the weekly timeframe, what do you see? It just hit the lowest price in four years recently and it is trading right above a strong 2023 support.
It doesn't matter what will happen next, consider this as a successful trader/buyer; one is trading pretty high and the other is pretty low.
For my people, for my followers, for my readers, for my supporters, I tend to choose those trading low for bullish potential.
Those high, I recommend for selling (SHORT).
Those low, like this one, I recommend my people to buy or go LONG.
With this simple method; buy low, sell high; we can achieve an extremely high level of success.
That's because we are keeping it simple and simple is best.
➖ If prices drop some more, think long-term. ➖ If you buy at the top and prices drop, you can might be in for a long, long wait.
I am just sharing my experience with you and I hope you find this information useful... You don't have to learn it, to use it or apply it, I will continue to do the charts and numbers for you. But knowledge is power, and knowing this gives you the behind the scenes of what I do.
It is my pleasure to share my experience with you.
Thanks a lot for your continued support.
Everyday, I am learning more and more.
"Day by day in every way, I am becoming more successful."
Repeat this affirmation daily, it will remove subconscious blocks that might be preventing you from getting ahead.
"Day by day in every way, I am becoming more successful."