🛑 SHORT SIGNAL | $KAT / USDT Entry Zone: 0.00985 – 0.01000 (current rejection + red candle area) TP1: 0.00900 – 0.00880 TP2: 0.00800 – 0.00750 TP3: 0.00650 – 0.00600 (deeper support) SL: 0.01080 – 0.01100 (above recent swing high / 0.01984 wick area) 📊Quick Analysis: After a strong pump from the 0.01984 high, KAT faced heavy rejection followed by continuous red candles. Price has sharply declined with high selling volume, indicating strong bearish pressure.
Post-launch/campaign, clear profit-taking is visible, and the market is correcting from an overextended zone. On lower timeframes, a bearish structure is forming, while higher timeframes still maintain a downtrend.
From the current level, further downside movement is likely.