After a prolonged downtrend and flat consolidation, KAITO is showing its first real signs of bullish momentum. Price has now broken above the EMA 4 (0.8937) and is hovering around $1.14, challenging a descending trendline resistance.
📊 Key Technical Highlights:
RSI at 63.54: Momentum is picking up, entering bullish territory but not yet overheated.
Strong move today with increasing volume suggests buyers are stepping in.
Price reclaiming the 0.236 Fib level ($1.1960), a potential signal of retracement towards deeper fib levels.
🎯 Upside Targets (Fibonacci-based):
TP1: $1.60 (0.618 retracement) – initial strong resistance.
TP2: $2.12 – a key liquidity and fib cluster zone (blue box), ideal profit zone for short-term bulls.
TP3: $3.33 – ambitious mid-term target, could be triggered on broader altcoin strength.
🔑 Entry Zones:
Aggressive: Current price area around $1.14 (momentum breakout).
Pullback Entry: $1.06–$1.08 zone for a possible retest of support.
✅ Validation & Risk:
Setup remains valid as long as it holds above $1.06 (last local low).
Invalidation below $0.89 (EMA 4) would indicate a failed breakout and continuation of bearish pressure.
📌 Bonus Note: There’s a clear break in market structure and volume is ticking up — keep an eye on follow-through. If it reclaims the 200MA (green) convincingly, this could trigger a longer-term trend shift.
What do you think about it?
Good trading!
交易進行
Still active and re-accumulating ;-) goo!交易結束：目標達成
the main target is reached, we can close half position and let the rest run, we could also put our stop at the entry point.
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