$KAITO /USDT: Reversal in Sight / SHORT SETUP 🔻

$KAITO is at $1.6281, down 0.23% recently after a 4.53% gain, with a 24-hour high of $1.6678. After rising from $1.5486, it’s showing signs of stalling this evening, with volume suggesting a shift. The bulls might be losing ground as bearish pressure creeps in.

Trading Approach

Short Entry: $1.6250 – $1.6300 – a range to consider a bearish move.

Profit Targets: $1.6000, $1.5800, $1.5600 – aim for these declines.

Safety Exit: $1.6700 – step out if the price rebounds.

Watch for a soft 1-hour close below $1.6200, which could confirm a downward trend. With RSI trending lower and MACD showing signs of divergence, the momentum appears to be fading, hinting at a possible correction. Volume will be crucial to watch.

Consider a Short on $KAITO