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KAITO / TetherUS
Short

KAITO/USDT Near Key Resistance | Rejection Setup Forming

139
KAITO/USDT is currently trading near a key resistance zone within a descending parallel channel.

Price action suggests weakness at resistance, increasing the probability of a downside move if the structure holds.

Trade Setup
  • KAITOUSDT | Short
  • Current price: 0.41
  • Target: 0.333
  • Potential downside: 20%
  • Structure invalidation: A move above 0.45 would invalidate the current setup.

Technical Context
• Price is moving inside a descending channel
• Repeated rejection near trendline resistance
• Lack of strength as price approaches upper boundary
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cryptoKAITOUSDTSupply and DemandSupport and ResistanceTechnical AnalysistrendTrend Lines

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cryptoKAITOUSDTSupply and DemandSupport and ResistanceTechnical AnalysistrendTrend Lines
NaranjCapital
🌐 naranjcapital.com
🎖️ CMT (usa) & CFTe (usa) chartered

🇺🇸 Telegram - USA Stocks Trading Advice
t.me/Naranj_USA

🇸🇦 Telegram - Saudi Stocks Trading Advice
t.me/Naranj_KSA

🤝 Contact Us
bio.link/NaranjCapital
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.