$KDA BEARISH REJECTION FROM LOCAL PEAK SHORT OPPORTUNITY AHEAD
$KDA faced a strong rejection after testing the $0.4160 level, forming a clear bearish candle on the 1H chart. The upward momentum has stalled, and early signs of a trend reversal are emerging as price drops back below $0.40. A short setup could offer favorable R:R if sellers maintain pressure from current zones.
๐ SHORT TRADE SETUP
โข Entry Zone: $0.3990 โ $0.4030
โข Stop Loss: $0.4170
โข Target 1 (TP1): $0.3860
โข Target 2 (TP2): $0.3750
โข Target 3 (TP3): $0.3665
Risk Management:
Use proper position sizing. Risk only 1โ2% of your capital per trade. Avoid entering after major breakdown or during low volume.