Long KAVAUSDT (D1). X2
Long KAVAUSDT on D1
Entry: current price (0.49-0.5)
TP: 1 (x2)
Exit: confirmation on D1 below PoC & MA200 (0.4).
RR = 5:1
Duration: from 2 weeks to 1.5-2 moths probably.
Why?
After the great capitulation we witnessed yesterday (more than 2bln liquidations of 700k traders) KAVA shows unprecedented signs of strength.
Bounced on big volume from PoC and MA200 (which are also above multi-month consolidation in july-nov 2024).
Haven't done a thorough research on project's fundamentals. So, in case you DYOR'ed it please leave a comment if there's red flags from this perspective.
But regarding TA, that's exactly that I wanted to see.
Entry: current price (0.49-0.5)
TP: 1 (x2)
Exit: confirmation on D1 below PoC & MA200 (0.4).
RR = 5:1
Duration: from 2 weeks to 1.5-2 moths probably.
Why?
After the great capitulation we witnessed yesterday (more than 2bln liquidations of 700k traders) KAVA shows unprecedented signs of strength.
Bounced on big volume from PoC and MA200 (which are also above multi-month consolidation in july-nov 2024).
Haven't done a thorough research on project's fundamentals. So, in case you DYOR'ed it please leave a comment if there's red flags from this perspective.
But regarding TA, that's exactly that I wanted to see.
Trade closed manually
Currently not seeing appropriate PA as planned.
Better to close this trade manually than wait on sidelines...
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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.