KITE/USDT – A quick and accurate analysis after today's violent movement
What happened a few hours ago:
- Sudden rise from 0.0778 to 0.0835 (about +7% in minutes)
- Then an immediate collapse brought the price back under 0.0793
→ This is a classic movement called Bull Trap + Stop Hunt + Liquidation Cascade
Current situation:
- Price 0.0793 ↓ -7% in the last 24 hours
- False break of resistance 0.083 then strong rejection
- All indicators (Super Trend – SAR – EMA – Boll) are red → Clear selling pressure