$KAT is currently trying to stage a small coup.
1H structure holds above the last HL, and as long as 0.00458 isn’t broken, my view remains bullish.
But there’s a catch.
Daily is still bearish.
So here I don’t want to buy the first green candle I see.
I need a pullback to 0.00457-0.00462.
The ideal scenario is for the market to first sweep liquidity below 0.00458, then quickly return above it and show a bullish engulfing or a break in structure reversal on a lower timeframe.
If buyers hold control:
0.00476 — the first target.
Then 0.00485-0.00491.
But a 1H close below 0.00458 completely breaks my bullish scenario.
As long as this level holds,
$KAT may still surprise.
#KAT #Crypto