KINGFA – Low-Risk Swing Setup from Channel Support
KINGFA is moving in a well-defined rising channel — making higher highs and higher lows consistently.
Your chart clearly shows:
🔺 Red arrows → Price gets rejected from upper trendline
🟢 Green arrows → Price takes support from lower trendline
This confirms the channel structure is valid and respected for more than a year.
Now price has once again:
✔ Touched the bottom support line
✔ Buyers are reacting from the same zone
✔ Risk is very limited below this support
Because of this, it becomes a Low-Risk Swing Opportunity
Your chart clearly shows:
🔺 Red arrows → Price gets rejected from upper trendline
🟢 Green arrows → Price takes support from lower trendline
This confirms the channel structure is valid and respected for more than a year.
Now price has once again:
✔ Touched the bottom support line
✔ Buyers are reacting from the same zone
✔ Risk is very limited below this support
Because of this, it becomes a Low-Risk Swing Opportunity
Trade active
KINGFA up +4% right after my post
SiripiVenu
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.
SiripiVenu
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.