$KAVA long — Capitulation bounce, targeting a relief rally 🚀
KAVA experienced a massive -46% flash crash, liquidating longs down to the $0.0335 zone. The price is currently trying to stabilize around $0.0370. While the trend is heavily broken, a short-term relief bounce is highly likely as sellers exhaust. A clean 1H close above the $0.0380 local resistance will confirm buyers are stepping back in for a retracement.
Entry: 1H close above $0.0380
SL: Below $0.0340 (Just under the flash crash low)
Target 1: $0.0420
Target 2: $0.0480
If $0.0340 breaks down, the setup is invalid — cut your losses immediately.
$KAVA
DYOR. NFA. Catching a falling knife is extremely risky, use strict risk management.
#KAVA #Kava #TradeIdea #TradingPsychology
KAVA experienced a massive -46% flash crash, liquidating longs down to the $0.0335 zone. The price is currently trying to stabilize around $0.0370. While the trend is heavily broken, a short-term relief bounce is highly likely as sellers exhaust. A clean 1H close above the $0.0380 local resistance will confirm buyers are stepping back in for a retracement.
Entry: 1H close above $0.0380
SL: Below $0.0340 (Just under the flash crash low)
Target 1: $0.0420
Target 2: $0.0480
If $0.0340 breaks down, the setup is invalid — cut your losses immediately.
$KAVA
DYOR. NFA. Catching a falling knife is extremely risky, use strict risk management.
#KAVA #Kava #TradeIdea #TradingPsychology