Trading Plan Short $KAITO
$KAITO just flushed below 0.3809 support after failing to reclaim the 1h EMA21.
Entry: $0.3800-$0.3880
Stoploss: $0.3950
Targets: $0.3700 / $0.3550 / $0.3300
KAITO is showing a clean breakdown from its 1H range, with sellers aggressive and price trading deep into the lower BB. Funding is still super negative at -0.0898%/8h, but OI is slightly up, meaning shorts are adding into this move. The MACD is crossing bullish on this timeframe, which could trap some buyers. I think we fade the bounce into the entry zone. Lose $0.3950, short invalid.
Trade $KAITO here 👇
$KAITO just flushed below 0.3809 support after failing to reclaim the 1h EMA21.
Entry: $0.3800-$0.3880
Stoploss: $0.3950
Targets: $0.3700 / $0.3550 / $0.3300
KAITO is showing a clean breakdown from its 1H range, with sellers aggressive and price trading deep into the lower BB. Funding is still super negative at -0.0898%/8h, but OI is slightly up, meaning shorts are adding into this move. The MACD is crossing bullish on this timeframe, which could trap some buyers. I think we fade the bounce into the entry zone. Lose $0.3950, short invalid.
Trade $KAITO here 👇