$KAT (1h) - Rejection Short


Bias: Short
Entry (Zone): 0.00635 - 0.00660
Targets:
TP1: 0.00605
TP2: 0.00575
TP3: 0.00545
Stop Loss: 0.00705
Why this Setup:
I see KAT rejecting after a sharp impulsive move into resistance, and I want to fade the extension if price loses momentum below the 0.00700 area. I’m looking for a move back into the prior breakout zone and then a deeper pullback toward the next support levels.
KAT19.47%
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