$KAVA looks like a good entry point - 1W chart
1:4 RR
Entry: 0.58 - 0.59
Target: 0.9920
Stop: 0.4798
Trade explanation:
The price has been in the same range for a year and a half. Right now it is near the lower end of the range. I assume further growth with a good risk/reward of 1:4.
Before the growth, there may be a cut below and a liquidity grab, so our stop loss is outside the local range.
If you were looking for a trading idea, I gave you a point of reference, but not advice. I just pointed out the actual picture that has formed on the chart at the moment. All final decisions are up to you. Control your risks wisely.
