$KAVA āš Potential Bullish Breakout: $KAVA/USDT
š Trade Plan (Aggressive or Conservative Entry)
š¢ Aggressive Entry: Around $0.4668$ (higher risk)
š¢ Conservative Entry: $0.4620 - $0.4650$ (on pullback)
š“ Stop Loss: $0.4580$
šÆ Target 1: $0.4720$
š Target 2: $0.4780 - $0.4850$
š Target 3: $0.4900 - $0.5000$
āļø Potential Risk-Reward Ratio (Conservative Entry to Target 1): ~1.33 - Decent.
š Updated Technical Breakdown
š Strong bullish breakout, price above key EMAs. RSI approaching overbought.
š§± Key Resistance: $0.4720$, $0.4780 - $0.4850$, $0.4900 - $0.5000$
š”ļø Key Support: $0.4620 - $0.4650$ (7 & 25 EMAs), $0.4580$
š Good volume on the breakout.
ā ļø RSI approaching overbought - potential for pullback.
āļø Updated Trade Management
Tighter SL for aggressive entry.
Wait for pullback for conservative entry.
Move SL to entry at Target 1.
Take partial profits.
š Final Thoughts
$KAVA$ showing strong bullish breakout. Conservative entry on pullback might be safer. Manage risk and watch volume. Let's see it brew! āš