$KITE — Volatile Range Structure 📊

KITEUSDT

Perp

0.1544

+9.14%

$KITE pumped strongly from 0.228 → 0.255, then quickly rejected from the 0.255 resistance and started forming lower highs. Price is now moving around 0.235–0.238, which sits in the middle of the range. Because both buyers and sellers are active here, the next move will likely come from a range breakout or rejection.

Trade Plan 🎯

🟢 Long: 0.231 – 0.233

SL: 0.226

TP1: 0.245

TP2: 0.255

TP3: 0.268 🚀

Reason: Price is near range support after a rejection move, where buyers previously stepped in.

🔴 Short: 0.247 – 0.252

SL: 0.259

TP1: 0.238

TP2: 0.231

TP3: 0.223

Reason: This zone is previous rejection resistance (0.255 area) where sellers already pushed price down.

DYOR. Always manage risk and position size properly.