$KAVA +5.5% on 5.1x volume — breakout momentum or late FOMO?
My bias remains bullish, but chasing the vertical move near 0.08234 is not the setup I want. With RSI at 92.8, this looks overheated and I expect a pullback before the next potential continuation.
1H, Daily and Weekly structure remain bullish, while BTC is bearish. That makes this a strong altcoin squeeze against the benchmark, so patience matters.
Key levels:
Entry Zone: 0.07383–0.07310
Secondary Zone: 0.06940–0.06767
First Support: 0.07618
TP1: 0.08234
TP2: 0.08850
TP3: 0.09231
I want to see a 15M/5M higher low, bullish engulfing candle, or a reclaim after a liquidity sweep before considering an entry.
The 2.2 taker-buy ratio and rising OI show strong market interest, but they are not a reason to buy a stretched candle.
Invalidation: A 1H close below 0.06285 flips the bullish bias bearish.
No FOMO. Let KAVA pull back, confirm the level, then look for continuation.$KAVA
#KAVA #CryptoTrading #Binance #Altcoins #Crypto
My bias remains bullish, but chasing the vertical move near 0.08234 is not the setup I want. With RSI at 92.8, this looks overheated and I expect a pullback before the next potential continuation.
1H, Daily and Weekly structure remain bullish, while BTC is bearish. That makes this a strong altcoin squeeze against the benchmark, so patience matters.
Key levels:
Entry Zone: 0.07383–0.07310
Secondary Zone: 0.06940–0.06767
First Support: 0.07618
TP1: 0.08234
TP2: 0.08850
TP3: 0.09231
I want to see a 15M/5M higher low, bullish engulfing candle, or a reclaim after a liquidity sweep before considering an entry.
The 2.2 taker-buy ratio and rising OI show strong market interest, but they are not a reason to buy a stretched candle.
Invalidation: A 1H close below 0.06285 flips the bullish bias bearish.
No FOMO. Let KAVA pull back, confirm the level, then look for continuation.$KAVA
#KAVA #CryptoTrading #Binance #Altcoins #Crypto