12.9 Market Overview: KITE oscillates back and forth within the range T#KITE $KITE @KITE AI
KITE quickly retraced after a spike, with a clear bullish structure; the market briefly oscillated between 0.07812-0.08414, allowing for high selling and low buying within the range, while maintaining good defense; only by breaking resistance can it continue to ascend, similarly, breaking support may lead to a deeper correction
Short entry at 0.08414 with defense at 0.08604, targets at 0.08185 and 0.08039 with a tail position at 0.07873; conversely, a low buy entry at 0.07812 with defense at 0.07602, targets at 0.0805 and 0.08192 with a tail position at 0.08353
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