$KITE is showing solid activity with a +2.6% move in the last 24 hours. Price bounced strongly from the 0.0896 support and pushed toward 0.0923, where it faced rejection. Since then, it has entered a tight consolidation phase around 0.0908, suggesting the market is deciding its next direction.

On the 1H timeframe, the structure still favors buyers as long as price holds above the key support zone. The consolidation appears healthy rather than weak, indicating potential continuation if volume steps in.

Trade Setup

Entry Zone:

0.0905 – 0.0910

Target 1:

0.0923

Target 2:

0.0940

Target 3:

0.0965

Stop Loss:

0.0898

Outlook:

Holding above 0.0900 keeps the bullish structure intact. A clean breakout and close above 0.0923 with strong volume can trigger momentum expansion toward higher resistance levels. A breakdown below 0.0898 would invalidate the setup and signal a deeper pullback.

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KITE

0.0919

-2.95%