Kaspa (KAS) Long-Term Spot Trade Setup
Market Correction Impact:
Kaspa has retraced 40% following the market correction this weekend, breaking back into its range.
Historical Significance:
Historically, such retracements with KAS have marked local bottoms on the chart.
Price Action to Watch:
If the price pulls back this week to fill 50% of the wick left behind on yesterday's daily candle and retests the mid-range support area along with the 200-day EMA, this will offer a great zone to DCA (Dollar Cost Average) into a long-term trade on KAS.
Trade Strategy:
DCA Entry Zones:
Primary DCA Entry: $0.14
Secondary DCA Entry: $0.10 (in case BTC pulls back further)
Summary:
Keep an eye on Kaspa's price action, especially around the mid-range support area and the 200-day EMA. Prepare to DCA into long-term positions at $0.14 and $0.10 to capitalize on potential market recoveries.
#Kaspa #KAS #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #LongTermTrade #DCA #200DayEMA #MarketCorrection
Kaspa has retraced 40% following the market correction this weekend, breaking back into its range.
Historical Significance:
Historically, such retracements with KAS have marked local bottoms on the chart.
Price Action to Watch:
If the price pulls back this week to fill 50% of the wick left behind on yesterday's daily candle and retests the mid-range support area along with the 200-day EMA, this will offer a great zone to DCA (Dollar Cost Average) into a long-term trade on KAS.
Trade Strategy:
DCA Entry Zones:
Primary DCA Entry: $0.14
Secondary DCA Entry: $0.10 (in case BTC pulls back further)
Summary:
Keep an eye on Kaspa's price action, especially around the mid-range support area and the 200-day EMA. Prepare to DCA into long-term positions at $0.14 and $0.10 to capitalize on potential market recoveries.
#Kaspa #KAS #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #LongTermTrade #DCA #200DayEMA #MarketCorrection
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.