$KITE 1H Breakdown in Play — Bears Still in Control, but a Reclaim Could Trigger a Bounce
Short $KITE
Entry: 0.1320 – 0.1340
Stop Loss: 0.1385
Targets:
Take Profit 1: 0.1295
Take Profit 2: 0.1265
Take Profit 3: 0.1230
KITE is still trading under strong selling pressure after a clean lower-high, lower-low structure on the 1H chart. Price is now hovering near the 0.1310–0.1330 support zone, which is the key battle area for the next move.
Bullish Reversal Trigger:
If KITE reclaims 0.1380–0.1400 with strong momentum, a relief bounce toward 0.1450 / 0.1500 becomes possible.
Market View:
This is a classic correction phase. Until a strong reclaim happens, rallies may continue to face pressure from sellers.
Plan the trade, protect the capital, and let the chart confirm the move.
Trade $KITE here
KITEUSDT
Διην.
0.14545
-1.94%