I opened a long position in KAVA with a 1:9 R/R price is down nearly 60% from ATH and on my eyes BTC still bullish. Price is in a value where investors could be accumulating positions. On top of that the price broke a descending trendline and it is now going for a retest. Our SL is protected by the trendline as well as the last swing low. My SL is slightly bigger than usual 6% but my volume is reduced by half so my risk is still the same. Trade safely guys!
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.