$KAVA /USDT Short Trade Opportunity

$KAVA is currently trading at $0.4175, down -3.69% over the past 24 hours. With visible weakness and consistent lower highs forming on the 1H and 4H timeframes, this setup presents a clear short trade opportunity.

The price recently failed to break above the resistance near $0.4389 (24h high), and is now hovering just above the support level at $0.4144. This narrow range coupled with declining volume signals a potential bearish continuation, especially if the $0.4144 support gives way.

Here’s the complete short trade plan:

Entry:

$0.4175 (current market price)

Stop Loss:

$0.4390 – Above the 24h high and recent resistance zone; protects from a bullish reversal.

Take Profit Targets:

Target 1: $0.4000 – Psychological round level and near recent local support

Target 2: $0.3840 – Support zone from late May price action

Target 3: $0.3675 – Lower support observed on previous major dips

Technical Context:

Bearish momentum building on lower timeframes

Weak bounce attempts indicating exhaustion

RSI and MACD on 4H favor downward momentum

Volatility is contained within a narrowing wedge, favoring a breakdown

Risk/Reward Insight:

With a tight stop above resistance and multiple downside targets, this setup offers a favorable risk-reward profile for short sellers watching Layer 1 altcoins like KAVA in current market conditions.

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