$KAITO short term analysis :
* Downtrend Confirmation: The asset is trading below its 5, 10, and 20-period Moving Averages, clearly signaling bearish momentum.
* Resistance Level: A key resistance level is established around 2.1313, coinciding with recent price rejections off the moving averages.
* Support Level: A support level is at 1.8804 being 24h low.
Trade Setup
Entry & Exit
* Short Entry: Enter short positions around 2.02 (near the 10-period MA) for optimized risk-reward.
* **Stop-Loss: Place stop-loss orders tightly above the 2.1313 level to minimize risk.
Price Targets
* Target 1:** 1.8804 (immediate support level).
* Target 2: 1.8521 (potential extended target).
Forecast
* Immediate Bias: Bearish, expecting continued downside.
* Momentum Shift Signals: A break above 2.1313 invalidates the short setup.
#### Indicators & Patterns:
* Moving Averages: Confirming downtrend momentum.
* Volume: Decreasing Volume suggesting weak trend ahead.
