$KAVA The bulls were rejected at 0.07159… A second attempt or a bull trap? 😅
I’m not ruling out a long trade just yet, but one green candle won’t convince me either.
Entry: 0.0702–0.0705 after it holds
Take profit 1: 0.0715
Take profit 2: 0.0724
Stop loss: 0.0695
KAVA needs to hold on the rebound and reclaim the 0.0708 level. Otherwise, I have no reason to force this trade.
What do you think… will another rally come, or a deeper drop?
I’m not ruling out a long trade just yet, but one green candle won’t convince me either.
Entry: 0.0702–0.0705 after it holds
Take profit 1: 0.0715
Take profit 2: 0.0724
Stop loss: 0.0695
KAVA needs to hold on the rebound and reclaim the 0.0708 level. Otherwise, I have no reason to force this trade.
What do you think… will another rally come, or a deeper drop?