🔻 $KITE Losing Lift — Rally Fading Into Resistance
The recent bounce is running out of steam. Price stalled near 0.208, and the follow-through just isn’t there — a classic sign of buyer exhaustion with sellers starting to step back in.
📍 Trade Setup: Short $KITE
Entry: 0.206 – 0.208
🛑 Stop Loss: 0.212
🎯 TP1: 0.202
🎯 TP2: 0.198
🎯 TP3: 0.195
📉 The move up looks more like a corrective bounce rather than a true trend reversal. Structure still leans bearish, and momentum is beginning to shift back in favor of sellers.
💡 As long as the 0.208 zone holds as resistance, downside remains the higher-probability path.
⚡ A sustained rejection here could trigger a controlled breakdown, tapping targets step by step as selling pressure builds.
Stay disciplined — this one favors the downside if momentum continues to fade.