$KAVA /USDT: A Quick Look at the Chart

Let's break down the current situation for KAVA on the USDT pair.

What We See:

* The current price is at $0.3871.

* The price is showing recent upward movement after a dip.

* The price is currently above the 7-period and 25-period EMAs, which is a bullish sign for the short term.

* A key resistance level is the 99-period EMA, sitting at $0.3889. This is a major hurdle.

Potential Strategy:

* A safe entry point would be to wait for the price to break and close above the $0.3889 resistance level with strong volume. This would confirm a bullish breakout.

* For riskier traders, a potential entry could be on a slight pullback to the support levels around $0.3842 (the 7-period EMA).

Important Points:

* A crucial step is to set a stop loss to protect your capital. A good place for a stop loss could be below the recent low at $0.3780.

* Take profit targets could be set at the recent 24-hour high of $0.3924 or higher if the trend continues.

Disclaimer: This is a simple analysis based on the provided chart. It is not financial advice. Always do your own research (DYOR) and trade with caution #KAVA