Technical analysis by elfabiiani about Symbol KAS: Buy recommendation (5/23/2025)

Cup and Handle pattern clearly formed with rounded bottom and emerging handle.This is a strong bullish continuation pattern suggesting a potential breakout once the handle completes.The neckline resistance is approximately at $0.12, and a breakout above this could trigger a strong upward move.Support & Resistance Zones (S/R)Current Price: $0.10895Major Resistance Levels:$0.12 (neckline)$0.14$0.16$0.19 (pattern target)Major Support Levels:$0.10$0.085$0.065Volume AnalysisVolume increased during the formation of the right side of the cup – a bullish signal.Volume has decreased slightly during handle formation, which is expected.IndicatorsRSI (14): 52.89 – Neutral zone. Not overbought or oversold. Room for upward movement.Stochastic (14, 3, 1): 27.76 – Close to oversold; potential bullish crossover incoming.Money Flow Index (MFI): 62 – Healthy inflow of money, not overbought yet.Wave Momentum/Cipher B: Shows bullish divergences and momentum building from recent lows.Price Target (Pattern Projection)Cup depth: ~$0.12 - $0.06 = $0.06Breakout target: $0.12 + $0.06 = $0.18–0.19 zone📈 Trading Plan – KASPA/USDTStrategy: Cup and Handle Breakout EntryAggressive Entry: Buy near current price ($0.108–$0.11) if expecting early breakout.Conservative Entry: Buy on confirmed breakout above $0.12 with strong volume (daily close). Stop-LossPlace SL below handle low, approx. $0.096–$0.098 (depending on risk tolerance).Alternative: wider SL below $0.085 support if aiming for longer-term hold.Take Profit LevelsTP1: $0.14TP2: $0.16TP3: $0.19 (pattern target)Use laddered take-profits for partial exits at each level.Risk ManagementRisk per trade: 1–2% of capitalUse position sizing calculator to adjust size based on SL distance🔄 Re-entry PlanIf breakout fails, monitor $0.085–0.095 zone for support and potential re-entry on double-bottom or bull flag.⚠️ Bearish ScenarioBreakdown below $0.085 invalidates cup and handle.Next support at $0.065.Reassess structure and macro sentiment.