$KITE
KITE/USDT – Trade Plan (SHORT Setup)
Entry: 0.08580–0.08620 (at current resistance + order book sell wall)
Target 1: 0.08200
Target 2: 0.08050
Stop Loss: 0.08700 (above 24h high)
My View:
Price is retesting the 24h high near 0.08629, but the weekly trend remains down (-9.16%) and the order book shows a large sell wall at 0.08582 (over 13K KITE). Volume today is unimpressive, suggesting this is a weak bounce into supply. I'm looking to short near this resistance zone for a move back toward the 24h low at 0.07801. Only a break above 0.08700 would invalidate this bearish structure.
Bias: Bearish below 0.08700
Disclaimer: Not financial advice. Trade at your own risk.
KITEUSDT
Perp
0.0819
-0.63%
