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$Trader @GDXTrader on x 11.4K followers
Created: 2025-07-01 18:16:45 UTC
$KOS
$KOS has printed a piercing line candle right at its ascending support level, signaling a potential bullish reversal.
This pattern forms when price opens at the prior low or gaps down but then would close above the midpoint of the previous bearish candle, indicating that bulls stepped in with strength to absorb selling pressure.
The fact that this occurred at ascending support adds significance, as it shows buyers defending a key trend level. The psychology here suggests a shift in sentiment — bears failed to push price lower, and bulls used the weakness as an opportunity to re-enter.
If follow-through buying occurs, this could mark the start of a new upward leg in the trend.
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