$KITE | Bearish Setup & Fade Strategy
$KITE is currently grinding into a heavy resistance zone following a lackluster bounce. The price action suggests this rally is corrective rather than a true trend reversal. We’re seeing "absorption" at play—buyers are trying to push, but sellers are soaking up every bit of liquidity without allowing for momentum expansion.
The Game Plan — Short $KITE(Max 10x Leverage)
Entry Zone: 0.214 – 0.220
Stop Loss (SL): 0.250
Take Profit 1: 0.200
Take Profit 2: 0.186
Take Profit 3: 0.172
Trade $KITE here 👇