$KAT /USDT – INTRADAY SHORT SETUP BUILDING
#KAT is showing signs of intraday exhaustion while price trades near a key resistance area, with momentum starting to fade on lower timeframes.
TRADE PLAN – SHORT IDEA
Entry Zone: 0.008018 – 0.008044
Stop Loss: 0.008154
Take Profit 1: 0.007939
Take Profit 2: 0.007877
Take Profit 3: 0.007785
MARKET STRUCTURE
The 4H structure remains in play, while lower timeframe indicators show overbought conditions, suggesting a potential short-term pullback within the broader range.
RSI on the 15M timeframe is elevated (around 65+), indicating stretched momentum and increasing probability of a cooldown phase.
OUTLOOK
If price fails to break higher and holds below resistance, a pullback toward lower range levels becomes likely. However, if the range holds strong, this move could simply be another intraday fade before continuation.
KEY QUESTION
Is this the start of a proper rejection — or just another range rotation before continuation higher