KHTC on the 1-hour timeframe shows a healthy bullish structure, with the price currently retesting a previously broken resistance zone that has now turned into a strong support area. This retest aligns with the lower boundary of an ascending channel, increasing the probability of a bounce. The recent pullback appears corrective, and the setup offers a favorable risk-to-reward ratio with clearly defined targets. If the support holds, price can potentially rally towards TP1: 482 (+5%), followed by TP2: 499.84 (+8.9%), and an extended target of TP3: 526 (+14.6%). The structure suggests bullish continuation, making this an attractive opportunity for short-term traders.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.