$KAITO /USDT short trade signal 🛑 🚦

BEARISH REVERSAL IN PLAY – FAKEOUT FOLLOWED BY STRONG DUMP!

After breaking out of an ascending channel, $KAITO spiked toward the 0.80 zone but faced strong selling pressure, leading to a sharp rejection. The wick-heavy candle signals a bull trap, followed by a clear bearish engulfing pattern. This hints at a short-term reversal as momentum shifts downward.

Trade Setup:

Entry: 0.7548

Take Profit (TP): 0.7228

Stop Loss (SL): 0.7724

Market Outlook:

Volume surged at the top, followed by a decline, confirming the exhaustion of buying pressure. If the price sustains below 0.7550, further downside is expected toward the 0.72 demand zone. Bears now have the upper hand unless bulls reclaim the 0.77 resistance.

buy and trade here on $KAITO

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