$KITE /USDT TECHNICAL OUTLOOK CONFIRMS BEARISH MOMENTUM AND CONTINUATION POTENTIAL
The price structure shows strong rejection from the upper resistance zone, followed by consistent lower highs that confirm sellers are in control. The chart reflects weak bullish reactions and sustained distribution, while moving averages are angled downward, reinforcing bearish dominance. Volume behavior suggests continued supply pressure, indicating a likely downside expansion in the near term.
Market Bias: Bearish
Trade Setup: Short Position
Entry Zone: 0.0850 – 0.0880
Stop Loss: 0.0935
Take Profit Targets:
TP1: 0.0790
TP2: 0.0745
TP3: 0.0690
Risk Management:
Risk only 1–2% per trade, confirm rejection before entry, and shift stop loss to breakeven after TP1 is achieved.
#CryptoAnalysis #KITEUSDT #BearishSetup #TrendStructure #PriceAction
KITEUSDT
Perp
0.08288
-0.38%
