$KAITO
KAITO/USDT , here's a technical analysis and a suggested long-term trading plan (swing to position trade).
📊 Technical Overview:
Current Price: $2.3170
24h High / Low: $2.3905 / $2.0774
Recent Low: $1.7789
Trend: Bullish momentum with recent breakout past resistance.
Volume: Rising volume suggests strong buying interest.
Indicators Used:
Bollinger Bands (BB): Price nearing upper band (resistance zone).
Moving Averages:
MA(5): $2.3713 (short-term momentum)
MA(10): $1.9883 (support zone)
RSI/MACD not shown, but volume & candles suggest overbought short-term.
✅ Long-Term Entry/Exit Plan
📥 Entry Zone (Buy Area):
$2.10 – $2.25
Ideally enter on a dip or pullback near MA(5) or mid-Bollinger band ($2.05).
If price dips below $2.05 but maintains above $1.96, it could offer strong support.
❌ Stop-Loss:
$1.75
Just below the recent swing low ($1.7789), in case of trend reversal.
🎯 Take-Profit Targets:
TP1: $2.60 – Previous resistance and psychological level.
TP2: $2.90 – Breakout continuation zone.
TP3: $3.50 – Long-term extension target if bullish trend sustains.
🔁 Trade Management:
Position Size: Risk no more than 1-2% of capital.
Trailing Stop: After hitting $2.60, move stop to entry or $2.20 to lock profits.
Re-evaluate: If price closes below $1.95 on high volume, reassess the trade.
🧠 Summary:
Element Value
Entry Zone $2.10 - $2.25
Stop-Loss $1.75
Take Profit 1 $2.60
Take Profit 2 $2.90
Take Profit 3 $3.50 $KAITO