KAITO: Trader Closes Long Taking $1.98M Loss

Trader 0x2be3 closed the $KAITO long three hours ago and booked a $1.98M loss per Lookonchain data.

Price sits at $0.7 inside the Bollinger Bands with lower support at $0.61 and upper resistance at $0.91. The RSI(14) at 25.06 marks oversold conditions while the MACD golden cross at -0.06 hints at momentum shift, yet the EMA50 at $0.85 and EMA200 at $0.87 continue to act as firm resistance in the prevailing bearish structure.