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$KITE /USDT Update: Shakeout, Not Breakdown

Price spiked down sharply from the local high near 0.0934, sweeping liquidity into the 0.090–0.091 demand zone before snapping back. This long wick signals panic selling—not a structural trend failure.

The move followed a short parabolic rally and a healthy reset. The bounce is holding above prior intraday support, and the RSI is recovering near 60, suggesting momentum is rebuilding.

As long as 0.090 holds, this looks like a shakeout and acceptance. A clean reclaim and hold above 0.0935 would open the door to higher extensions.

Key Levels:

· Support: 0.090 – 0.091
· Invalidation: Below 0.089
· TP1: 0.095
· TP2: 0.099
· Extension: 0.105

Volatility did its job. Now we watch for the next directional move.

#KITE #TradingSetup #crypto