$KITE /USDT – STRONG BEARISH CONTINUATION SIGNALS DOMINATE THE MARKET
$KITE is showing clear signs of weakness as sellers maintain control after multiple failed attempts to break resistance. The structure has shifted into a lower high and lower low pattern, signaling a strong bearish trend continuation. Price is trading below key moving averages, while bearish momentum is expanding, indicating further downside potential. Volume spikes on red candles confirm distribution and strengthening seller pressure.
The rejection from the supply zone around the previous highs and weak recovery structure suggests that bulls are exhausted and the market is preparing for another leg downward.
Trade Setup (SHORT):
Entry Zone: 0.0880 – 0.0900
Targets:
TP1: 0.0830
TP2: 0.0795
TP3: 0.0750
Stop Loss: 0.0950
Risk Management:
Risk only 1–2% of total capital per trade and always trail stop loss after securing partial profits.
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