$KAITO

/USDT BEARS TAKE CONTROL AS PRICE SLIDES BELOW SUPPORT – FURTHER DOWNSIDE LIKELY

Immediate Market Explanation:

$KAITO/USDT has broken below a key support level at 1.3500, confirming a bearish momentum with the current price trading around 1.3068, down over 5%. The failure to hold previous higher lows and the consistent formation of lower highs suggest continued seller pressure. The minor recovery attempt towards 1.3073 (Buy) has been quickly overwhelmed by increased sell-side interest at 1.3072 (Sell), indicating weak demand and strong resistance overhead.

Trade Setup:

🔻 Short Entry: 1.3070 – 1.3100

🎯 Targets (TP): 1.2480 / 1.2000

🛑 Stop Loss (SL): 1.3500

Market Outlook:

Unless $KAITO/USDT reclaims the 1.3500 level and flips it into support, the broader outlook remains bearish. With key downside levels like 1.2481 and 1.2000 in sight, momentum traders may favor short positions. Watch for any reaction near 1.2480 as a potential pivot zone for a short-term bounce.

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