🚨$KITE
KITEUSDT
Perp
0.0833
-2.49%
BEARISH REJECTION: CORRECTIVE MOVE IN PLAY
$KITE is showing signs of bearish pressure after facing strong rejection near the 0.0900 resistance zone. The recent upside move is losing momentum, and price action on lower timeframes suggests profit-taking and weakening buyer strength. A sustained move below the immediate support could trigger a deeper pullback toward key demand areas.
Trade Setup:
Entry: On confirmed breakdown below the 0.0860 support zone
Targets (TP): TP1 – 0.0840, TP2 – 0.0815
Stop Loss (SL): Above the 0.0910 resistance zone
Risk Management: Risk only 1–2% of total capital per trade. Use disciplined position sizing and wait for confirmation to avoid false breakdowns.