Should you buy KSM after the pullback on Tuesday?

KSM gave a strong breakout on Sunday and is now retesting the $385 level on Tuesday.
If a successful retest is seen a new all-time high should be hit in the coming weeks.
A reversal is expected around $386, investors can take a long entry once KSM reverses and resumes its rally.

Kusama (KSM/USD) was down over 3% on Tuesday even though most of the other currencies were trading in green. KSM was up over 13% last week and this week could be the pullback before it sets a new all-time high. Should you buy the dip in the KSM?

A look at this year’s charts-

Is it time to enter KSM on Tuesday?

Conclusion

KSM is making a perfect structure- a breakout with a retest which could yield investors some great returns. Nevertheless, investors must wait for the right time to enter and should not enter without a clear reversal as they could get caught in a false breakout. Investors can expect a new all-time high once a clear retest is seen.