Opening a SHORT on $KAIA /Usdt.
TP: 0.03925
SL: $0.06199
The aggressive pump phase is over. Momentum is slowing down and volume is fading, which indicates weakening buying pressure.
Many late entries are trapped after the large green candles. If price continues to slip, it could trigger a chain of long exits.
I'm not looking to chase the upside here. The higher probability setup is the correction.
Position open, risk managed.
#Write2Earn #BİNANCE #trade
TP: 0.03925
SL: $0.06199
The aggressive pump phase is over. Momentum is slowing down and volume is fading, which indicates weakening buying pressure.
Many late entries are trapped after the large green candles. If price continues to slip, it could trigger a chain of long exits.
I'm not looking to chase the upside here. The higher probability setup is the correction.
Position open, risk managed.
#Write2Earn #BİNANCE #trade