$KAITO
Bearish Signal:
1. Resistance at 1.408 - 1.410: The price is struggling to break this level, which could act as a strong resistance zone.
2. Lower High Formation: If the price fails to push higher and gets rejected, it may start forming a lower high, signaling a potential downtrend.
3. Weak Volume on Recovery: If the recovery lacks strong volume, it might indicate a bull trap, leading to another drop.
4. Potential Double Top Pattern: If the price gets rejected at 1.408 - 1.410, it could create a double-top pattern, a strong bearish reversal signal.
Trade Setup (Bearish Scenario):
Entry: Below 1.400 (confirmation of rejection)
Target 1: 1.385
Target 2: 1.370
Stop Loss: Above 1.415
If you see $KAITO strong rejection at 1.408 - 1.410, it could be a good short opportunity.
Let me know if you need adjustments!
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