【$KAT Signal】Pullback to go long / Funds support

$KAT After a massive surge on the 1H timeframe, the price consolidates at high levels. The 4H Bollinger Bands have broken out above the upper band, indicating a short-term overextension. RSI has soared to 77, showing a gap in buying pressure, with heavy resistance above. However, open interest remains stable, and the negative funding rate is as high as -1.97%, indicating high costs for short positions and the potential for a short squeeze.

🎯Direction: Pullback to go long

⚡Entry: Be patient and wait for the price to retrace to the 0.01232 - 0.01264 area, which is the resonance zone between the 1H EMA20 and the previous breakout structure.

🛑Stop Loss: Below 0.01190

🚀Target 1: 0.01558

🚀Target 2: 0.01706

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position, and move the stop loss of the remaining position up to the entry price. If the price cannot stabilize in the entry zone, exit immediately.

Order book depth shows buy orders significantly thicker than sell orders, exposing the funds support intention. After a golden cross on the 4-hour MACD, the upward trend momentum continues. The current risk-reward ratio exceeds 4, making it worthwhile to attempt a small stop-loss to continue the short squeeze trend, but do not chase high.

Check real-time market 👇 $KAT
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