KAS - "Short KAS or Die Trying"
Entered a KAS Short 📉 in this current Order Block that is appears on the Daily Time Frame. You can see where the FIB is drawn from the wick high around 0.052 down to the bottom around .0320. With that being said, we got the reaction on the 618 @ 0.0321 a few weeks ago, and yesterday it made it's attempt to touch the 618 @ .0446 but didn't quite make it. This could have been the pre-mature reaction which is why I am entering now, but with the Buffer strategy as an additional plan here. I would recommend going 5x leverage with your stoploss above the Wick High's that I have illustrated in this chart to minimize your loss if you are entering now. For me personally, I am 10x and adding another order at 0.0465, and then adding even more at the 0.0513 if it decides it wants to go there. My goal here is to create a nice swing short position if both of these additional orders get triggered. I am speculating that KAS will not break ATH in the short term, which is why I am optimistic on this strategy. My target is at least down to the 618 again at .0320
(27% Move) Not Financial Advice !! DYOR
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