$KITE trades at $0.118830 after a 10.25% drop from $0.133160 high. RSI near oversold at 35, price below 20-EMA resistance. Bearish flag forming with rising volume on decline. Support at $0.117390 low holds temporarily.
$KITE - SHORT
Trade Plan:
Entry: 0.118830 - 0.118236
SL: 0.122395
TP1: 0.112889
TP2: 0.106947
TP3: 0.101005
Why this setup?
Break below $0.117390 confirms bearish continuation with ATR expansion. Volume spike validates distribution. Risk/reward 1:2.5 favors short entry near current resistance.
#KITE #Crypto #TradingSignal
$KITE - SHORT
Trade Plan:
Entry: 0.118830 - 0.118236
SL: 0.122395
TP1: 0.112889
TP2: 0.106947
TP3: 0.101005
Why this setup?
Break below $0.117390 confirms bearish continuation with ATR expansion. Volume spike validates distribution. Risk/reward 1:2.5 favors short entry near current resistance.
#KITE #Crypto #TradingSignal