šØ $KAVA /USDT ā Testing Resistance After a Sharp Rebound š
KAVA has bounced strongly from the local bottom at $0.4008 and is now trading around $0.4228. The price is testing the MA(25), but remains below MA(99), indicating early signs of potential reversal ā but not full confirmation yet.
š Technical Analysis
⢠MA Structure: Currently above MA(7) = $0.4195 and MA(25) = $0.4233. Still under MA(99) = $0.4292 ā a critical level for breakout.
⢠Support Zone: $0.4100 ā $0.4140 acting as short-term base.
⢠Resistance Zone: Major hurdle between $0.4290 ā $0.4370.
⢠Volume Check: Modest increase in buy volume ā bullish continuation possible with further momentum.
šÆ Trading Plan
š¢ Bullish Setup (Short-Term)
⢠Entry: $0.4200 ā $0.4250
⢠TP1: $0.4320
⢠TP2: $0.4400
⢠SL: $0.4120
š“ Cautious Bearish Pullback
⢠Entry: $0.4280 ā $0.4320 (near resistance rejection)
⢠TP1: $0.4160
⢠TP2: $0.4080
⢠SL: $0.4370
š Note: Break above MA(99) with strong volume can flip short-term bias to bullish. Until then, trade within the range with discipline and tight stop-losses.
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