$KAVA fell 21.90%.
What the market is saying: Open interest is rising as prices fall, with new positions and price moves amplifying in the same direction. Bears are in control.
The rebound couldn't get past 0.036801 (MA99), so the recovery remains weak. A break below 0.03075 (4H low) would open up further downside.
#KAVA #Cryptocurrency
With a drop like this, would you wait for a rebound or stay out for now?
What the market is saying: Open interest is rising as prices fall, with new positions and price moves amplifying in the same direction. Bears are in control.
The rebound couldn't get past 0.036801 (MA99), so the recovery remains weak. A break below 0.03075 (4H low) would open up further downside.
#KAVA #Cryptocurrency
With a drop like this, would you wait for a rebound or stay out for now?
