Retail is looking for a bounce, but the smart money is hedging. 📉
$KITE is showing major signs of exhaustion after its failed attempt to hold the $0.156 resistance. While the crowd is blinded by the "dip-buying" narrative, the 4H chart shows a clear distribution pattern. We have just broken below the local support, and a failure to reclaim $0.140 will likely trigger a deeper liquidity flush toward the weekly lows.
The trend has shifted, and fighting the tape here is a high-risk gamble. We trade the reality, not the hope.
⚡️ THE TRADE SETUP (4H Timeframe)
• Bias: SHORT 📉
• Leverage: 5x (Isolated)
• Entry Zone: $0.1382 - $0.1415
🎯 TARGETS:
1. $0.1310 (Immediate Support)
2. $0.1245 (Recent Swing Low)
3. $0.1150 (Major Demand Zone)
🛑 RISK MANAGEMENT:
• Stop Loss: $0.1475
• Invalidation: A 4H candle close above $0.1500 kills the bearish thesis.
TECHNICAL THESIS:
The price is currently struggling below the 24H VWAP with declining buy volume. RSI is rolling over from neutral territory, suggesting bearish momentum is accelerating. We are eyeing the liquidity resting below the $0.1372 low—once that cracks, expect a rapid expansion to the downside.
Manage your risk like a professional. Capital preservation is the only way to stay in the game. Save this post to stay updated.
👇 DEBATE TIME:
Is this a local bottom or are we heading to $0.11? Drop your chart logic below.
Bullish or Bearish? 🚀📉
#CryptoTrading #KITE #ShortSignal #TechnicalAnalysis #Altcoins