#KAITO Finally wakes up ??
After months of trading within a strong bearish trend, KAITO is now testing a key supply area. This is the first zone where sellers can start taking action again, so a long-buy rush here does not offer the best risk-to-reward ratio.
If the price breaks above this resistance level and turns it into support, the next upside targets will appear around 0.93 and 1.20, and possibly 1.65 on the higher timeframe. A clear breakout with strong trading volume would be a much more reliable signal than buying directly at resistance.
On the other hand, if this area rejects the price, I will watch for a pullback to the demand zone before looking for another opportunity. The trend is improving, but confirmation always comes before commitment. Patience is what separates good trades from expensive ones. ๐
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