$KAITO ready to go short. This parabolic top is getting too aggressive—the RSI has even surged to 90. The frenzy may need to cool off; I think it’s about time for mean reversion.



You can watch the resistance around 1.089 to 1.116. If it turns downward, the target could be in the 1.04 to 0.99 range.

But watch the risks. Momentum is still strong, and before a pullback, it may continue to push higher to squeeze shorts a bit more. A defensive position can be placed around 1.16. Don’t get carried away and go all-in—control your position size to what suits you. Also, $SKHYNIX and $XAU can take a look at the shorting direction as well.
KAITO4.05%
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