$KAITO #KAITOUSDT - I expect the price to continue rising as long as it holds above the 0.5721 support and the recent swing low at 0.5555, which align with the overall bullish structure and strong indicator signals like bullish MACD, Vortex, DMI, PSAR, and ADX.
- If price consolidates above 0.5887 and shows bullish confirmation such as a pin bar or bullish engulfing on the lower timeframe, a long entry targeting first 0.6060, then potentially 0.6131 and 0.6450 can be considered.
- If price fails to hold above 0.5721 and breaks below 0.5555 with a strong bearish candle or lower timeframe structure break, my bias flips bearish and I would expect a move down towards 0.5425 and possibly 0.5244.
- Wait for confirmation signals (like a bullish engulfing or clear reversal candle at support, or a breakdown with follow-through at the supports) before entering any trade. Place stops at the relevant swing low for longs or swing high for shorts.