Analysis and Signal for $KAIA /USDT on Binance
Analysis:
Current Price: $0.2385 (-8.13%)
24h Range: $0.2364 - $0.2657
The price has sharply declined from a high of $0.2657 to $0.2364, indicating a bearish trend.
Immediate support is at $0.2364, while resistance sits at $0.2494. A bounce from this level could signal a reversal.
Trading Signal:
Entry Point: $0.2385
Target (TP1): $0.2494
Target (TP2): $0.2600
Stop Loss (SL): $0.2340
Strategy:
Look for a potential bounce from the support level ($0.2364) with a target of $0.2494 (TP1).
If momentum strengthens, hold for $0.2600 (TP2).
Use a strict Stop Loss at $0.2340 to minimize risk in case of further downside.
Disclaimer: Always manage risk properly and monitor price action closely.
