$KAIA fell below the 0.055 level (current price: 0.0554, now back above the level). Two possible scenarios from here:
① It rebounds to 0.055 but fails to reclaim it → the level turns into resistance, with the 24h low at 0.051 as the next downside target.
② It quickly reclaims 0.055 → this looks more like a false breakdown, and short positions could get caught in a squeeze.
Personally, I’m paying closer attention to the support on the first rebound.
#KAIA
Please do your own research before placing an order.
① It rebounds to 0.055 but fails to reclaim it → the level turns into resistance, with the 24h low at 0.051 as the next downside target.
② It quickly reclaims 0.055 → this looks more like a false breakdown, and short positions could get caught in a squeeze.
Personally, I’m paying closer attention to the support on the first rebound.
#KAIA
Please do your own research before placing an order.