๐ $KITE /USDT โ Technical Analysis (1D)
Price: 0.0918
KITE topped near 0.1236 and corrected into a strong demand zone around 0.073โ0.078, where buyers stepped in. Price has since formed higher lows and is now stabilizing above the EMA7 & EMA25, signaling a potential trend recovery.
Momentum indicators are improving, suggesting the corrective phase may be ending.
๐ Key Technical Observations
Structure: Higher low formed after the correction โ bullish sign
EMAs: Price reclaiming EMA7 & EMA25; trend shifting back upward
MACD: Histogram turning green โ bearish momentum fading
Volume: Selling pressure has dried up; accumulation behavior visible
๐ข LONG SIGNAL โ $KITE/USDT
Entry Zone:
0.0890 โ 0.0920
Targets:
TP1: 0.0975
TP2: 0.1050
TP3: 0.1180
Stop-Loss:
0.0835
(Below recent higher low & structure support)
๐ Why This Long Makes Sense
Reversal structure after deep pullback
Momentum indicators turning bullish
Riskโreward favorable near support
Break above 0.095 likely accelerates upside
Bias:
Bullish โ medium-term recovery, invalidated only if price loses 0.083.
