$KAITO/USDT Short Trade Plan
*Trade Setup*
- *Short Entry Zone*: $1.5000 - $1.5400
- *Targets*:
- *TP1*: $1.4600
- *TP2*: $1.4200
- *TP3*: $1.3800
- *Stop Loss*: $1.5600
Click here $KAITO or click on the chart to sell .
*Key Levels*
- *Resistance*: $1.5400 - $1.5600 (strong rejection zone)
- *Support 1*: $1.4600 (initial profit-taking area)
- *Support 2*: $1.4200 (stronger demand zone)
- *Support 3*: $1.3800 (major downside target)
*Market Analysis*
- *Lower High Formation*: KAITO/USDT surged to $1.5800 but faced strong rejection, leading to a lower high formation.
- *Bearish Continuation*: Current price action suggests potential bearish continuation after breaking below $1.5000.
- *Weakening Buying Momentum*: RSI is turning bearish, indicating weakening buying momentum.
*Risk Management*
- *Position Sizing*: Manage position size to limit potential losses to 2-3% of the trading account.
- *Risk-Reward Ratio*: Aim for a risk-reward ratio of 1:2 or higher to ensure potential profits outweigh potential losses.
*Trade Plan Scenarios*
- *Bearish Scenario*: KAITO/USDT breaks below $1.4600, targeting $1.4200 and $1.3800.
- *Bullish Scenario*: KAITO/USDT breaks above $1.5600, targeting $1.5800 and higher.
*Advice/Tips*
- If price struggles to break below $1.4600, consider partial profits or a trailing stop-loss to secure gains.
- Watch for increasing sell volume for stronger bearish confirmation.
- Monitor RSI and other technical indicators for signs of oversold conditions
I would highly encourage you to start your trade(buy/sell KAITO ) from my post, simply hitting here. → $KAITO
If you want a trade plan of your desired coin, write it in the comments below. I will post its trade strategy .
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