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$KAT – Rejection after strong push, lower high forming pullback setup
Trading Plan Short $KAT
Entry: 0.0150 – 0.0158
SL: 0.0172
TP: 0.0140
TP: 0.0128
TP: 0.0115
Price has been struggling to break above the previous high, and the lower high formation is a clear sign of selling pressure. The move down is showing signs of acceleration, and the RSI is in the oversold zone. This setup is ripe for a bounce, but the short side still looks more appealing.
Trade $KAT here 👇