KAITO Turns Bearish | Short Setup in Play

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A key bullish trendline has been broken to the downside, and we now have a bearish CH on the chart.

A three-drive pattern is also visible, which may indicate buyer exhaustion and the presence of sellers.

Price is currently pulling back to the order zone before potentially dropping further.

We are looking for sell/short positions within the supply zone.

Targets are marked on the chart move your stop to breakeven at the first target.

A daily candle close above the invalidation level will invalidate this analysis

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The invalidation condition for this analysis was a daily candle close above the invalidation level, which did not occur.

After sweeping the specified zone, the price dropped and reached our first target.
snapshot

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