$KAITO /USDT TRADE SETUP & ANALYSIS

🟢 Long Setup (Trend Continuation)

Entry: On a pullback to the $2.05–$2.10 zone

Stop-Loss: Below $1.95 or below the moving average (~$2.00) for tighter risk

Target 1: $2.60 (previous red trendline upper range)

Target 2: $2.80–$3.00 (extension level)

Risk/Reward: Aim for 1:2 or higher

🔴 Short Setup (Mean Reversion or Fakeout Rejection)

Entry: Rejection around $2.28–$2.30 zone if signs of exhaustion form (e.g., doji, bearish engulfing)

Stop-Loss: Above $2.35

Target: $2.05 and possibly down to $1.80

🔍 Chart Summary

Indicators visible:

Green/red moving average line (likely EMA or MA)

Horizontal support/resistance levels

Chart pattern annotations: "H" (Highs) and "L" (Lows)

Volume not shown

Orange horizontal level at 0.6423 (possibly historical support or fair value)

🧠 Technical Pattern & Price Action

1. Breakout from Previous High

Price has recently broken above a previous high (horizontal green resistance level).

The breakout is confirmed with strong bullish candles and higher highs.

2. Support Zones

$2.05 - $2.06 is the first visible support (marked by green horizontal and the MA confluence).

Previous support and consolidation zones exist around $1.80 and $1.60.

3. Head & Shoulders Inverse Possibility

The marked "H" and "L" suggest the potential of an inverse head and shoulders, which typically signals a bullish reversal.

The neckline break likely triggered this recent rally.

4. Trendline Support

The red ascending trendline shows consistent upward momentum.

The recent price action is respecting this trendline, which adds confluence to the bullish bias.

Trade $KAITO