Kava / BitcoinLong
KAVABTC 4H long setup; Bounce at bottom of channel
TA Explained
KAVABTC bounced on the bottom of the parallel channel which is clearly formed as can be seen at the 4H TF. Expecting the bounce to continue at least to the mid line of the channel. SL below previous low.
KAVA can be traded in margin in Binance for this setup max 3x leverage is advised to risk no more than 20% of the position.
Trade setup
Best entries: 0.00009190 - 0.00009410
TP1: 0.00010220
TP2: 0.00010634
TP3: 0.00011404
SL: 0.00008674
RR: 3.36
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
KAVABTC bounced on the bottom of the parallel channel which is clearly formed as can be seen at the 4H TF. Expecting the bounce to continue at least to the mid line of the channel. SL below previous low.
KAVA can be traded in margin in Binance for this setup max 3x leverage is advised to risk no more than 20% of the position.
Trade setup
Best entries: 0.00009190 - 0.00009410
TP1: 0.00010220
TP2: 0.00010634
TP3: 0.00011404
SL: 0.00008674
RR: 3.36
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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