Haven’t seen many $KAITO
charts on the TL, so thought I’d drop my thoughts.
HTF structure looks strong and we’ve been trending up nicely. But price is now ranging and has confirmed a Wyckoff distribution schematic, so I'm expecting $1.62 to come soon.
There’s a daily OB above where I’ll be watching for a re-distribution schematic to form. That would be my trigger to short down to the technical target (range low). On the LTF, that supply has been mitigated already, so it’s not the cleanest, but I still prefer it gets tapped again before heading lower.
Below the range, we’ve got a strong demand zone. Wouldn’t be surprised to see an aggressive move into that area, followed by a quick reversal: classic MM behaviour. Could be a flush of late shorts and a reload for longs.
Alerts are set at the daily OB and at the range low.
Now we wait.
