$KITE took the swing high on the daily chart and is now sitting slightly below the level. With deeply negative funding, it doesn’t make much sense to short right now because you’ll probably get rekt with -2.3% per hour. In my opinion, it’s better to wait for funding to cool down ideally one last push driven by leverage monkeys.

TL;DR: I’m waiting for one more push, potentially a took of double top on the LTF, and then I’ll look to short this amazing technology assuming funding doesn’t completely screw me.