🚨 $KITE
Rangebound, Momentum Fading — Bears Still in Control
Price is stuck in neutral, but the underlying pressure remains bearish. This kind of dead volume usually doesn’t resolve bullishly.
📉 Volume Collapse Signals Indecision
The latest daily candle printed just 71K volume — a massive drop from prior high-activity sessions (including the 9.5B capitulation day). This isn’t accumulation; it’s participation drying up. Low conviction phases like this often precede another downside leg.
💸 Flows Tell the Real Story
• Futures: Persistent outflows
– -487K (24H) | -1.92M (3D) | -1.56M (7D)
• Spot: -207K net outflows
That’s clear capital exit — bears are winning the higher-timeframe battle.
Short-term micro inflows (5m–30m) suggest a brief pause or relief bounce, but that looks more like a setup for a rejection, not a trend reversal.
📌 Trade Bias: Cautious Bear — Shorts on Confirmation
🔴 Breakdown Entry:
Short on a clean break below 0.08111
(Confirmation below daily low 0.08382 with volume)
🟠 Alternative Entry:
Short rejection at resistance near 0.09421 or the upper Bollinger Band
🛑 Stop-Loss:
Above 0.09450
(~7.5% buffer, aligned with low ATR ≈ 0.01187)
🎯 Target:
0.07423 initial support
(10%+ downside → favorable R:R)
📊 KITEUSDT Perp:
0.08817 (-1.09%)
🧠 Why This Works
Low volume + dominant outflows = bearish continuation risk. Short-term inflows may spark a bounce, but without real volume, rallies look sellable. This is a fragile setup — manage risk aggressively.
⚠️ One strong reclaim candle with volume invalidates the idea.
$KITE — breakdown short or resistance fade?
#KITE #KITEUSDT #kiteai
