⚡ $KITE Short Setup – Momentum Slowing

After a strong rally, $KITE faced resistance near 0.32 and momentum is weakening. Buyers are struggling to push higher, suggesting a possible pullback if the level continues to hold.

💹 Market Snapshot

Pair: $KITE/USDT Perp

Price: 0.30756

Trend: Momentum slowing near resistance

📉 Short Plan

Entry: 0.305 – 0.320

Stop Loss: 0.332

Targets:

TP1: 0.285

TP2: 0.265

🔍 Why Short

The rally stalled around 0.32 resistance, and failure to break above it could lead to a move toward lower support zones. Momentum indicators suggest buyers are losing strength, opening a potential pullback opportunity.

🔥 Trade Smart: Watch volume and price reaction in the entry zone. Strong seller activity could accelerate the move toward targets.

KITE

0.2171

-2.47%