$KITE /USDT — BEARISH CONTINUATION SIGNALS AS PRICE BREAKS STRUCTURAL SUPPORT
$KITE /USDT is showing clear bearish dominance after failing to sustain higher levels and breaking down from its previous consolidation range. The market structure has shifted in favor of sellers, with strong rejection from overhead supply and weak recovery attempts. Current price action indicates that downside momentum is likely to continue.
Technical confluence: EMA and MA trending downward, acting as dynamic resistance
MACD positioned in bearish territory with increasing downside momentum
Bollinger Bands expanding, signaling enhanced selling volatility
Consistent lower highs confirm trend weakness
Trade Plan (Short Setup)
Entry Zone: 0.0840 – 0.0870
Targets:
TP1: 0.0795
TP2: 0.0750
TP3: 0.0715
Stop Loss: 0.0925
Market Outlook
Unless price reclaims the broken resistance zone, the market is expected to pursue lower liquidity levels. Minor bounces are likely to be corrective moves within a broader bearish trend.
Risk Management
Limit risk to 1–2% per trade, strictly respect stop losses, and avoid high leverage.
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