$KAITO /USDT (Sell - SHORT)
Market Outlook: Resistance rejection and technical correction
The code $KAITO shows signs of "overbought" after a sharp upward move, with the Relative Strength Index (RSI) reaching levels above 70. The price is currently significantly deviating from the SMA7 moving average, making it susceptible to a correction towards the average. With weak MACD momentum, the current breakout appears unsustainable.
Current price: $0.391
Entry zone: $0.398 – $0.408
Stop loss (SL): $0.440
Profit targets:
🎯 First target: $0.370
🎯 Second target: $0.350 (liquidity area)
🎯 Third target: $0.320
Trading advice: Watch for the appearance of reversal candles near the $0.40 level to confirm entry. Breaking the $0.39 level will likely lead to an acceleration in selling towards the stated targets.
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