KAVA — Getting Ready For An Entry!

19 Sep

Kava (KAVA) has shown significant strength with a recent massive breakout, accompanied by heavy volume—always a promising sign.

Before this move, KAVA had formed a solid double-bottom pattern, a classic reversal indicator suggesting that selling pressure has been exhausted.

What I Am Watching
$0.43 Resistance: The latest pump was rejected at this level, making it a crucial resistance zone. The upside potential becomes much more apparent if KAVA can close above and confirm this level.

My Trade Setup
Entry: I’m waiting for a close above $0.43 with confirmation to enter a position. Once this level is cleared, the path for a potential bullish run opens up.
First Target: My crucial target is $0.65, offering a potential upside of almost 50% from the breakout. Given the volume and momentum, this target seems achievable once the $0.43 level is breached and confirmed.

Key Takeaway
KAVA’s recent breakout is compelling, but patience is key. The $0.43 level needs to be cleared for a solid entry. After confirmation, this trade offers a healthy 50% potential gain, with $0.65 being the primary target.

This is definitely one to keep on the radar!