$KITE

KITEUSDT

Perp

0.21851

-0.05%

/USDT — Reversal Signs | Active Short Setup

Trading Setup: Short

Entry Area: $0.2920 – $0.2950

Stop Loss: $0.3000

Targets:

TP1: $0.2850

TP2: $0.2780

TP3: $0.2700

The market price has recently risen strongly to the resistance area at $0.295, but momentum has started to slow down as the market approaches this level. This behavior often indicates buyer exhaustion near resistance, creating an opportunity for sellers to enter.

If the price fails to hold above the $0.295 area, the structure leans towards a pullback to $0.285 and $0.278, with the possibility of extending to $0.270 if the bearish momentum strengthens.