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

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!

Yorum:

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.

Yorum:

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.

İşlem kapandı: hedefe ulaştı:

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!