$KAITO /USDT – Signs of Further Downside?
Current Price: $1.88 (+1.15%)
Reason:
$KAITO is showing weakness despite a slight intraday gain. It’s trading below all major moving averages (MA7, MA25, MA99), and the price recently got rejected from the $2.08 resistance. This indicates that bullish momentum is fading. Also, volume has started declining, suggesting buyers are losing interest.
Short Setup:
Entry Zone: $1.88 – $1.94
TP1: $1.78
TP2: $1.71
SL: $2.03
Key Observations:
Trading below key MAs (bearish pressure building)
Rejection near $2.08 (24h high)
Volume dropping on bounces – weak demand
Pro Tip:
Wait for a 4H candle close below $1.85 for confirmation before entering short.
