Based on the KAS/USDT chart on the daily timeframe:
Resistance Zones:
$0.145-$0.155: A significant resistance zone where price repeatedly faced rejection.
$0.20: Major resistance, as seen from previous highs.
Support Zones:
$0.11-$0.12: Price is currently testing this area, which has historically acted as a support zone.
$0.075-$0.08: A lower, long-term support level if the current level fails.
Trend Analysis:
Price is below key moving averages, suggesting a bearish trend in the short term.
Repeated rejections from higher levels indicate a potential consolidation or further downside.
Volume and Volatility:
Volume Oscillator: Shows declining interest, signaling reduced momentum.
ATR (Average True Range): Indicates moderate volatility.
Entry and Exit Predictions:
Entry Points:
Conservative Approach: Enter near $0.11-$0.115, as this is the immediate support level.
Aggressive Approach: Enter near $0.12-$0.125 if bullish momentum appears and the price reclaims moving averages.
Exit Points:
Short-Term Targets:
First target: $0.132-$0.135 (local resistance).
Second target: $0.145-$0.155 (major resistance zone).
Long-Term Target: If price breaks above $0.155, aim for $0.20.
Stop-Loss:
Place a stop-loss below $0.105 to limit downside risk.
For aggressive trades, use a stop-loss below $0.11.
Strategy:
Wait for confirmation of support at $0.11.
Look for increased volume as an indicator of a potential reversal.
As always DYOR