While the crowd keeps longing $KAT /USDT, I’m taking the opposite side and opening a short position right here.
$KAT — SHORT SETUP
Trade Execution Plan:
Entry Range: 0.00817 – 0.00819
Stop Loss (SL): 0.00831
Take Profit 1 (TP1): 0.00809
Take Profit 2 (TP2): 0.00802
Take Profit 3 (TP3): 0.00793
Strategy Breakdown:
The 4-hour timeframe strongly favors the bears with a 77% confidence level, while the daily chart shows the price is simply stuck in a range. Over on the 15-minute chart, the RSI is hovering at 47.65, indicating there is zero bullish momentum to drive a breakout. With a precise entry at 0.00818 and a low ATR of 0.000109 on the 1-hour chart, this is a highly controlled, data-driven scalp rather than a wild bet.
#Kryptonite #CryptoTrading #TechnicalAnalysis #Scalping #BearishStructure
KAT
0.00853
+0.82%