$KITE /USDC BEARISH STRUCTURE INTACT – LOWER HIGH FORMING BEFORE DROP
$KITE /USDC is stalling right under the 99 MA (0.2325) while printing weak upside momentum. Despite a slight bullish MACD histogram, volume has collapsed sharply — a clear sign of exhaustion. Price is hovering near the 7 MA but failing to expand upward, signaling a likely lower high formation before continuation toward downside liquidity.
📌 Trade Setup
Entry Zone (Short): 0.2230 – 0.2310
Take Profit 1: 0.2060
Take Profit 2: 0.1950
Take Profit 3: 0.1820
Stop Loss: 0.2380
📊 Short Market Outlook
Structure remains bearish on higher timeframes. The 99 MA (0.2325) is acting as dynamic resistance, and the 0.2400–0.2500 zone is a heavy supply area. Volume contraction during the bounce signals weak buyer commitment.
If 0.2060 support breaks, expect acceleration toward sub-0.20 levels. Only a strong reclaim and close above 0.2440 would shift momentum back to bullish control.
Trend Bias: Bearish Continuation
Key Resistance: 0.2325 – 0.2440
Key Support: 0.2060 – 0.1950
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