🧠 Market Overview (Based on Chart Data)
The provided chart for $KITE /USDT on the 15-minute timeframe clearly shows a strong bearish momentum.
Current Price: The price is at $0.0787.
Trend Confirmation: KITE has dropped significantly, with a -11.97% change in the 24-hour period (based on the chart). The price action is characterized by a series of lower highs and lower lows, which is a classic downtrend.
Strategy Focus: Although the price has reached a short-term bottom at $0.0780, the immediate trend is heavily bearish. The highest probability setup for a short-term reversal trade is a LONG position, aiming to catch the correction/bounce from the $0.0780 low.
KITEUSDT
Perp
0.08381
+1.46%
