$KITE – Patience Before the Short ⏳📉

$KITE remains in a strong short-term uptrend, with RSI hovering near the overbought 70+ zone. Momentum is still bullish, so fading strength without confirmation is risky.

🔍 Plan the Setup — Don’t Chase It

🔻 Short Triggers:

Clear rejection + bearish structure at 0.245 – 0.250 supply zone

OR a confirmed breakdown below 0.220 support

🎯 Targets:

0.210 → 0.200 liquidity pocket

🛑 Stop-Loss:

Above 0.255 (invalidation of rejection thesis)

🧠 Strategy Logic

Overbought ≠ instant reversal. Wait for structure shift.

A failed breakout or strong upper wick near 0.25 adds confluence.

Clean loss of 0.220 confirms momentum shift and opens downside liquidity.

KITE

0.2674

+15.55%