$KDA Trade Signal (Kadena)

Entry Range: $0.53 - $0.56
Action: Sell ๐Ÿ“‰
SL (Stop Loss): $0.60
TP 1: $0.50
TP 2: $0.46
TP 3: $0.42

๐Ÿฅ‚ Check Price and Trade Now $KDA

๐Ÿšจ Note: Trade at your own risk. DYOR.


Analysis of the Trade Setup:

KDA is showing a bearish trend, losing 6.09% in the last 24 hours. The price is struggling to hold above $0.54, with decreasing volume and a weak market cap trend. Resistance is observed at $0.58-$0.60, making it a potential rejection zone. If KDA fails to hold $0.53, a drop toward $0.50 and lower is likely.



Reversal Possibility (Bullish Scenario):

If KDA breaks above $0.60 with strong volume, a bullish reversal could be in play:


Entry Range: $0.60 - $0.65
Action: Buy ๐Ÿ“ˆ
SL: $0.54
TP 1: $0.68
TP 2: $0.72
TP 3: $0.78

๐Ÿ”น Reason for Reversal:
A break above $0.60 could trigger short liquidations, leading to a price pump.
Increased buying volume would indicate renewed bullish momentum.
Market sentiment shift or Bitcoin's movement could influence recovery.
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