$KAVA /USDT Cheat Sheet
The Price: $0.0546 (slightly up today, but struggling).
The Trend: Very Bearish. It has lost over 88% of its value in the last year and 40% in just the last month.
The Wall: There is a massive 80% sell pressure in the order book. This means for every 1 person buying, there are 4 people trying to sell.
The Line to Watch: $0.0545 (MA60). If it stays above this, it might crawl up. If it drops below, the slide likely continues.
"Shorter" Outlook
If by "make me sorter" you mean you're thinking about Shorting (betting the price will go down):
The Pros: The long-term trend is heavily down and the order book is stacked with sellers.
The Cons: The price is currently sitting right on a support level (the MA60). Shorting at support can be risky because a small "bounce" could liquidate your position.
Note: If you're using leverage (Margin/Futures), be careful. Low-priced coins like this can be very volatile.
Would you like me to help you find the next "Support" level where the price might stop falling?#TradeCryptosOnX
