KAVA Ready for Breakout? Watch 0.45 Key Level

38

๐Ÿ“Š Cycle Analysis
๐Ÿ” HWC: Ranging
๐Ÿ” MWC: Ranging
๐Ÿ” LWC: Ranging

The price is currently moving inside a 4H range box. Personally, I avoid trading inside ranges like this due to the high probability of fakeouts and choppy movement.

๐Ÿงญ My Strategy:
โœ… A break above 0.45 (range resistance) could be a solid long trigger, signaling a potential breakout from this consolidation zone.

๐Ÿ“ˆ After entering, Iโ€™ll let the price move toward the upper descending trendline, which has seen multiple touches. This increases the odds of a breakout, or at least a strong reaction.

โš ๏ธ If the reaction to the trendline is weak (e.g., no strong rejection candle, low volume), Iโ€™ll keep my position open, as the market may break out and offer better R multiples.

๐Ÿšซ About Short Positions:
Technically, you could short a breakdown from the range, but I wonโ€™t be taking any short setups here. Iโ€™m focused purely on the long side for now.

๐Ÿ“ Summary:
โŒ No trades inside the range box

โœ… Long entry on 0.45 resistance break

๐ŸŽฏ Targeting the upper trendline

๐Ÿง  If the trendline gives a weak rejection โ†’ keep the trade open

๐Ÿšซ Ignoring short opportunities

๐Ÿ“Œ Got a coin in mind? Drop it in the comments and Iโ€™ll analyze it for you.
โš ๏ธ Without proper risk management, you're just a ticking time bomb.

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