$KAVA /USDT BEARISH SETUP UNFOLDING!
KAVA is currently trading at $0.3892 (+1.57%), but the price action suggests a potential bearish reversal from recent highs. After testing the resistance zone, momentum appears to be weakening.
🔍 KEY LEVELS:
Resistance: $0.3900 - $0.3950 🚫
Support: $0.3820 - $0.3770 🛡️
Current Price: $0.3892
📊 TRADE SETUP (SHORT):
Entry: $0.3885 - $0.3900 🔽
Stop Loss (SL): $0.3955 ❌
Take Profit (TP):
— TP1: $0.3820
— TP2: $0.3770
— TP3: $0.3650 ✅
📉 CHART INSIGHT:
Price has failed to break convincingly above the $0.3900 resistance, showing signs of rejection with lower highs on the intraday timeframes. Bearish divergence on RSI further supports a short-term downtrend.
🛡️ RISK MANAGEMENT:
Risk only 1-2% of your capital per trade. Stick to SL. Let profits run with trailing stop once TP1 is hit. 🔐
📌 Reminder: Always trade with discipline and wait for confirmation!
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