Kaspa- Inverse Head and Shoulders Breakout
Updated
Kaspa formed an Inverse Head and Shoulders. Today (Nov. 4th) it broke above the neckline to form a new ATH.
The immediate target is 6.6 cents. However, we are at price discovery and the potential is much higher.
My advice: Don’t buy the breakout; buy the retest.
Trade idea:
Entry: 0.053 (neckline)
SL: 0.049 (Right shoulder and local support).
Target: 0.066
R: R: 1:2.93
Best Wishes
The immediate target is 6.6 cents. However, we are at price discovery and the potential is much higher.
My advice: Don’t buy the breakout; buy the retest.
Trade idea:
Entry: 0.053 (neckline)
SL: 0.049 (Right shoulder and local support).
Target: 0.066
R: R: 1:2.93
Best Wishes
Trade closed: target reached
Note
We didn't get a retest. We Will!
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