$KAITO Breakout or Reversal?
KAITO/USDT is currently trading at $1.3415, showing signs of recovery after a sharp decline. The price action suggests a potential breakout if bulls maintain momentum, but resistance remains a challenge.
Key Levels to Watch
Resistance: $1.3520 – A break above this level could trigger further upside.
Support: $1.3300 – Holding above this support is crucial to avoid renewed selling pressure.
Trade Setup
Long Entry: If price sustains above $1.3520, upside targets are:
• Target 1: $1.3800
• Target 2: $1.4100
Short Entry: If price drops below $1.3300, potential downside targets are:
• Target 1: $1.3230
• Target 2: $1.3000
Stop-Loss: Adjust stops accordingly to minimize risk in case of unexpected price reversals.
#SUIETFcoming? #BinanceHODLerBMT #BinanceAlpha2.0
