$KAITO
Observations:
Current Price: $1.7232 (+0.55%).
Key Resistance Levels:
$1.85 - $1.90 (historical resistance).
$2.00+ (major breakout zone).
Key Support Levels:
$1.60 - $1.65 (local support).
$1.40 - $1.50 (stronger historical support).
RSI Indicator: 48.95 (neutral, not overbought or oversold).
Volume: 33.12M, which is higher than the 20M+ average, showing active trading.
Trading Strategies:
1. Range Trading (Short-Term)
Since price is consolidating between $1.60 - $1.85, traders can buy near support and sell near resistance.
Entry: Buy near $1.65 - $1.70.
Exit: Sell near $1.85 - $1.90.
Stop-Loss: Below $1.60.
2. Breakout Strategy (Bullish)
If price breaks above $1.90 with strong volume, it could indicate a move towards $2.20 - $2.50.
Entry: Buy above $1.90 confirmation.
Target: $2.20 - $2.50.
Stop-Loss: Below $1.85 to minimize losses.
3. Pullback Buying Opportunity
If price drops towards $1.50 - $1.60, this could be a good buy zone.
Entry: Buy around $1.50 - $1.60.
Stop-Loss: Below $1.40.
Target: $1.80 - $1.90.
Risk Management:
✅ Monitor RSI & Volume: If RSI drops below 40, a bounce might happen. If it crosses 70, price could be overbought.
✅ Set Stop-Losses: Don't risk more than 3-5% per trade.
✅ Check News & Market Sentiment: Since KAITO was recently listed, price action might be influenced by hype or major exchange moves.