$KITE is attempting to hold above a key mid-range support after forming higher lows on the 4H chart, suggesting buyers may still be defending the structure.

Long #KITE

Entry: 0.285 – 0.275

SL: 0.264

TP1: 0.295

TP2: 0.305

TP3: 0.318

TP4: 0.345(only if 0.325 extend)

Why this setup?

$KITE recently formed a strong recovery from the 0.19 region and has since been building a sequence of higher lows, indicating buyers gradually gaining control of the market structure.

The 0.285–0.275 area represents a local support zone where price previously consolidated before pushing higher. Pullbacks into this region could provide a favorable entry if buyers continue defending the trend.

If the market holds this support, price could rotate back toward the recent highs around 0.305 and potentially expand into the 0.32–0.34 region where previous rejection occurred.

The key invalidation level is 0.264. A break below this level would suggest the bullish structure weakening and could open the door for a deeper retracement.

Debate:

Is #kite preparing for another higher high after consolidating above support, or will sellers step in and push price back into the previous range?

Trade $KITE here 👇