$KAIA /USDT technical analysis and trade signal

Technical Analysis:

1. Current Price: $0.2112

2. Support Level: $0.1978 (24h Low)

3. Resistance Level: $0.2153 (24h High)

4. Trend: Bullish (price has increased by 5.92% in the last 24 hours)

5. Momentum:

Positive momentum is indicated by the 5.92% rise in the last 24 hours.

Short-term momentum has slightly slowed down (-1.0924% in the last 15 minutes).

Medium-term momentum remains strong with a +5.3533% rise in 1 day.

Trade Signal & Targets:

Long Position (Buy):

Entry Point: $0.2112 (current price) or near the support level at $0.1978

Target Levels (T1, T2, T3):

Target 1 (T1): $0.2153 (Immediate resistance; short-term target)

Target 2 (T2): $0.2250 (Medium-term resistance)

Target 3 (T3): $0.2350 (Long-term resistance; if momentum holds)

Stop Loss: Below $0.1978 (support level)

Trade Momentum:

Bullish Momentum: The 24-hour rise suggests that the price could continue moving upwards in the short to medium term. However, slight resistance at $0.2153 could cause a pullback before hitting higher targets.

Risk Management: If the price fails to maintain support above $0.1978, a reversal to lower levels might occur. A stop loss below this level is crucial for managing downside risk.

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