KAITO/USDT – Brewing a Trend Reversal?

7 mag

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!

21 mag

Trade attivo

Still active and re-accumulating ;-) goo!

28 mag

Trade chiuso: obiettivo raggiunto

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.