KASPA CUP AND HANDLE (TA+TRADE PLAN)

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: $0.10895

Major Resistance Levels:

$0.12 (neckline)

$0.14

$0.16

$0.19 (pattern target)

Major Support Levels:

$0.10

$0.085

$0.065

Volume Analysis
Volume increased during the formation of the right side of the cup – a bullish signal.

Volume has decreased slightly during handle formation, which is expected.

Indicators
RSI (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 = $0.06

Breakout target: $0.12 + $0.06 = $0.18–0.19 zone

📈 Trading Plan – KASPA/USDT
Strategy: Cup and Handle Breakout
Entry
Aggressive 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-Loss
Place 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 Levels
TP1: $0.14

TP2: $0.16

TP3: $0.19 (pattern target)

Use laddered take-profits for partial exits at each level.

Risk Management
Risk per trade: 1–2% of capital

Use position sizing calculator to adjust size based on SL distance

🔄 Re-entry Plan
If breakout fails, monitor $0.085–0.095 zone for support and potential re-entry on double-bottom or bull flag.

⚠️ Bearish Scenario
Breakdown below $0.085 invalidates cup and handle.

Next support at $0.065.

Reassess structure and macro sentiment.