🔻 $KAITO /USDT – Bounce or Breakdown? 📉
Current Price: $1.5923 (−4.35%)
Price is consolidating after a sharp drop — bulls need to step in soon!
📊 Market Structure:
Downtrend still intact on the 15m chart. Current move looks like a potential relief bounce, not a reversal (yet). Needs strong confirmation above $1.62 to shift momentum.
📍 Key Levels:
Resistance: $1.6200
Support: $1.5728 (24H Low)
24H High: $1.6913
🔁 Short-Term Setup:
Rebound Entry (High-Risk): $1.58–$1.60
TP1: $1.62
TP2: $1.67
SL: $1.5720
🚨 Breakdown Watch:
If $1.5728 breaks, expect further downside toward $1.52–$1.50 zone.
💡 Pro Tip:
Use small position sizing here. Wait for either a breakout above $1.62 or confirmation of breakdown below $1.57 for safer trade entries.
⚠️ $KAITO at a crossroads — next candles will decide the direction! Stay sharp! 🔎
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