KAVAUSD H8: 50% Best Level to SHORT IT XABCD setup (SL/TP)(NEW)

Why get subbed to me on Tradingview?

-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates

🎁Please hit the like button and
🎁Leave a comment to support our team!

KAVAUSD H8: 50% Best Level to SHORT IT XABCD setup (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: KAVAUSD 8hour chart review
::: not a great looking chart
::: price/ RSI div very clear on H8 TF
::: speculative XABCD BEARS setup
::: short from overhead
::: DO NOT short at market now
::: higher risk setup: BUY at MARKET
::: and BULLS exit at 6.50 USD later
::: point D TP BULLS / reversal level
::: BEARS get ready to SHORT from overhead
::: expecting correction/pullback mode
::: previously maxed out and
::: also rejected from MIRROR S/R level
::: STAGE2 DUMP pending soon
::: weak bounce possible from here
::: STAGE2 DUMP up to 50% LOSSES
::: PT BEARS is 2.40-2.50 USD
::: BE CAREFUL and don't get caught in this
::: market not ready for recovery yet
::: correction MODE to extend into JUNE 2021
::: similar setup in other alt coins so be careful
::: also overextended right now
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/point D/reversal
::: Sentiment short-term: BEARS/CORRECTION MODE

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.