Trading Signal Alert for $KAIA /USDT

Overview:

KAIA/USDT has shown strong upward momentum, with a +44.24% gain in the last 24 hours. The price has surged from a 24-hour low of $0.2383 to a high of $0.3825, and the current price stands at $0.3518. The Relative Strength Index (RSI) is extremely high at 99.36, indicating overbought conditions, so traders should proceed with caution.

Trading Setup:

Entry Price: $0.3400 (on potential retracement for better risk-reward)

Resistance Levels:

$0.3825 (recent high)

$0.4000 (psychological resistance)

Support Levels:

$0.3100 (key support)

$0.2383 (24-hour low and stronger support)

Take-Profit Targets:

1. $0.3750

2. $0.4000

3. $0.4200

Stop Loss:

Place a stop-loss at $0.3050 to manage downside risks.

Caution:

The market is overextended, as suggested by the RSI and rapid price movement. Watch for potential breakout confirmation above $0.3825 or a correction to key support levels before entering. Always apply proper risk management.

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