👉 Altcoin $KITE — long rebound setup
KITEUSDT
Perp
0.14201
-1.74%
📊Price is testing a major liquidity zone / demand area around 0.139 – 0.141 while respecting the lower boundary of the descending channel on M30.
A bullish engulfing candle has formed in this area with a clear increase in volume, signaling buyer reaction from support.
📈 RSI is recovering from neutral / slightly oversold levels, which gives room for an upward bounce if momentum continues.
💡 Technical scenario
🎯 Long entry zone: 0.1400 – 0.1420
🎯 Targets: 0.1480 → 0.1510
⛔️ Stop-loss: below 0.1390
⚠️ If the liquidity zone fails, price may sweep lower before reversal — but for now this looks like a solid bounce setup from channel support.