The Kaito stock is currently trading at $1.9041, stabilizing after its recent decline from higher levels. The price is hovering around a current resistance level, and its ability to rise will determine whether a rebound is possible or if further downward correction is likely.
Key levels:
Resistance: $1.9041 (current price and recent high), $1.9300 (higher, as inferred from the chart)
Support: $1.9027 (lowest price in 24 hours, current support), $1.9100 (previous support, as inferred)
Trading setups - Expect volatility!
Bullish entry: The price may target the $1.9041 level if the movement is confirmed and trading continues above $1.9041:
Target 1: $1.9300
Target 2: $1.9400 (implied level, previous high)
Bearish entry: The price may target the $1.9027 level if it breaks:
Target 1: $1.9000 (psychological level)
Target 2: $1.8800 (implied level, next support)
The Kaito/USD pair stands at a pivot point. A decisive break above the $1.9041 level may indicate a recovery, while a continued drop below the $1.9027 level may lead to a deeper correction.
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