$KAITO /USDT market situation:
📈 Market Snapshot
Current Price: $1.38 (up 20.17%)
24H Range: $1.14 – $1.53
Volume Surge: Over $890 million traded in the last 24 hours, indicating heightened market activity.
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📊 Technical Overview
Trend: After a significant 24-hour pump, the price is undergoing a correction, forming lower highs on the 15-minute chart.
Support Zones: Emerging support between $1.34 and $1.36.
Resistance Levels: Key resistance at $1.44 and $1.50.
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🔁 Potential Trade Setups
Reversal Long Setup:
Entry: $1.35–$1.37
Take Profit:
TP1: $1.44
TP2: $1.50
Stop Loss: Below $1.30
Continuation Short Setup:
Entry: $1.42–$1.45 (if price faces rejection)
Take Profit:
TP1: $1.36
TP2: $1.30
Stop Loss: Above $1.50
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💡 Trading Tips
Confirmation: Before entering a long position, wait for a confirmed higher low and a bullish engulfing candle, accompanied by increased volume.
Risk Management: Given the high volatility, ensure proper risk management to avoid significant losses.
Avoid FOMO: It's crucial to wait for clear signals rather than chasing the market.
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