$KAITO

USDT BEARISH REVERSAL EXPECTED AFTER STRONG RESISTANCE REJECTION

Price is currently trading at $1.4137, facing strong resistance around $1.4310 - $1.4330 where multiple rejections are visible on the chart. The market failed to sustain above this zone, indicating potential for a downward move.

Key Levels:

Resistance: $1.4310 - $1.4330 (major rejection zone)

Support: $1.3692 (target area), minor support at $1.3900

Current Price: $1.4137

Trade Setup (Short):

Entry: $1.4150 - $1.4300

Targets:

TP1: $1.3900

TP2: $1.3690

Stop Loss: $1.4350

Market Outlook:

The chart structure shows repeated rejection at the upper resistance zone with bearish wicks forming, suggesting sellers are regaining control. A potential bearish reversal is expected towards previous support levels if the price fails to break and close above $1.4330.

Risk Management:

Always use proper position sizing, keep your SL tight above the resistance, and do not overleverage on reversal trades. Wait for bearish confirmation on lower timeframes for optimal entry.

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