Technical analysis by elfabiiani about Symbol KAS: Buy recommendation (6/23/2025)

Technical Analysis (KASPA/USDT - Daily Chart)Trend & Structure OverviewKASPA has been in a prolonged downtrend after peaking near $0.22.The Elliott Wave structure indicates a completed (A)-(B)-(C) correction pattern after a prior bullish wave (4).Price is currently testing a triple bottom structure near $0.060–$0.065, highlighted by orange circles. This zone has previously acted as strong support.Key Support and Resistance LevelsTypePrice Zone (USDT)Strong Support$0.060 – $0.065Intermediate Resistance$0.080 – $0.085Major Resistance$0.100 – $0.105Upper Resistance Zones$0.120, $0.140, $0.160, $0.180, $0.200The price is currently bouncing from the lower bound of this key support zone.Indicators SummaryRSI (14):Current: ~32.2 → Approaching oversold territory, signaling potential reversal or bounce.Stochastic RSI:Current: ~19.3 and crossing up, suggesting a bullish reversal signal forming.Money Flow Index (MFI):Value: 23 → Indicates weak inflows, but any spike could confirm a bottom formation.VMC Cipher B:Multiple green dots and momentum waves bottoming → Suggests bullish divergence and possible accumulation.Volume:No clear breakout volume yet, but prior bounce zones had relatively stronger support volume.Trading Plan for KASPA/USDTEntry StrategyPrimary Long Entry Zone: $0.060 – $0.065 (Current support region)Entry Confirmation:RSI holding above 30Stochastic RSI bullish crossPrice maintaining above $0.065 on a daily closeTargets (Take Profit Levels)TP LevelPrice Target (USDT)RationaleTP1$0.080Nearest horizontal resistanceTP2$0.100Psychological level & prior S/RTP3$0.120Top of major clusterTP4$0.140 – $0.160Mid-term swing high zoneStop-Loss StrategyConservative SL: Below $0.058 (breakdown of key support)Aggressive SL: Below $0.0615 (to avoid wicks)Risk/Reward AssessmentRisk from entry ($0.065) to SL ($0.058): ~10.8%Potential reward to TP1 ($0.080): ~23%R/R Ratio to TP1: ~2.1R/R to TP3 ($0.120): ~8.5+Alternative ScenariosIf KASPA breaks below $0.058 with volume:Re-evaluate long positionsPossible next demand zone: $0.040 – $0.050If volume increases on the bounce and breaks $0.085:Add to position or open swing trade toward $0.100+SummaryCurrent Bias: Cautiously BullishSetup Type: Support Bounce / Reversal PlayKey is holding above the triple bottom, while indicators point toward a possible short-term trend reversal.Watch volume and momentum confirmation closely.