KAVAUSD H8: 50% Best Level to SHORT IT XABCD setup (SL/TP)

27 Jul 2021

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KAVAUSD H8: 50% Best Level to SHORT IT XABCD setup (SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: KAVAUSD 8hour chart review
::: updated outlook
::: higher risk BUY/HOLD already
::: +35% gains / congrats if you followed
::: BEARS get ready to SHORT IT
::: from overhead still a valid setup
::: expecting reversal from point D
::: XABCD BEARS setup is still VALID
::: not a great looking chart
::: price/ RSI div very clear on H8 TF
::: speculative XABCD BEARS setup
::: short from overhead
::: DO NOT short at market now
::: higher risk setup: BUY at MARKET
::: and BULLS exit at 6.50 USD later
::: point D TP BULLS / reversal level
::: BEARS get ready to SHORT from overhead
::: expecting correction/pullback mode
::: previously maxed out and
::: also rejected from MIRROR S/R level
::: STAGE2 DUMP pending soon
::: weak bounce possible from here
::: STAGE2 DUMP up to 50% LOSSES
::: PT BEARS is 2.40-2.50 USD
::: BE CAREFUL and don't get caught in this
::: market not ready for recovery yet
::: correction MODE to extend into JUNE 2021
::: similar setup in other alt coins so be careful
::: also overextended right now
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/point D/reversal
::: Sentiment short-term: BEARS/CORRECTION MODE

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