$KITE – Price approaching resistance, upside momentum slowing
Trading Plan (Short)
Entry: 0.228 – 0.234
SL: 0.238
TP1: 0.222
TP2: 0.218
TP3: 0.212
$KITE is currently trading around 0.2281, moving toward the 0.2341 resistance after a recent bounce. The 1H structure shows slowing momentum as price approaches resistance, with weaker follow-through on each push higher.
When price nears resistance without strong continuation, it often leads to rejection. A pullback from this zone could send price back toward the 0.2123 support area.
Trade $KITE here 👇
KITEUSDT
Διην.
0.25102
+7.53%