TradingView
stell_s1
Nov 18, 2020 11:04 AM

KAVA good entry after break. Retrace to 1.4 with target 2 EUR Long

Kava / EuroKraken

Description

KAVA finally broke the resistance and now is showing some nice movement. I waited carefully for retrace and I am ready to enter in the range of 1.4-1.45
Once big concern is whether BTC is about to correct or now. Anyway my SL below 1.35 is for that reason.

It already retraced near the entry point ~1.4 EUR.

SL below 1.35
Target 1.7-2 EUR

Good luck with trading!

Comment



So far it is going good. We have formed higher low which will eventually lead to higher high.
I would say that we can move the SL to 1.4-1.45 or the second option is to lock some profits now - 20-30%.
I personally will move my SL a bit higher.

Comment

Target 1 reached - 1.7+
It is a good zone to lock at least 50% of the position. I closed some too.
Target 2 is 2 EUR but BTC is at very specific zone so better decide which is the best SL for your risk.

Trade closed: target reached

I closed my trade and finished with a decent win.
My second portion triggered my SL at around 1.45

Overall I catch the move from 1.4 to 1.73 EUR
Second portion exit at 1.45

I will monitor closely the next opportunity with KAVA.

Good luck trading!
Comments
dewinterthomas
So did the SL went off? Just touched the 1.35 I thought.
stell_s1
@dewinterthomas, It was very close. My SL was set at 1.34. My entry was at 1.398. BTC seems like it is going to correct and for that reason this trade may fail.
More