KITE/USDT – A quick and accurate analysis after today's violent movement
What happened a few hours ago:
- Sudden rise from 0.0778 to 0.0835 (about +7% in minutes)
- Then an immediate collapse brought the price back under 0.0793
→ This is a classic movement called Bull Trap + Stop Hunt + Liquidation Cascade
Current situation:
- Price 0.0793 ↓ -7% in the last 24 hours
- False break of resistance 0.083 then strong rejection
- All indicators (Super Trend – SAR – EMA – Boll) are red → Clear selling pressure
- The size is very high in the bullish and bearish candle → Real liquidity and significant liquidation
My near-term expectations:
- Continuation of the decline towards 0.0770 – 0.0778 (strong support + Fibonacci 61.8%)
- If we break it → the next target is 0.074–0.075
- The real rebound does not start until a strong close above 0.081
Advice for traders:
- Short is currently safer (entry below 0.0795 | stop 0.082 | target 0.077 then 0.074)
- Long is very risky unless we see a 4-hour close above 0.083
Who has been watching this movement from the beginning and benefited?
Write below how much you gained or lost today from KITE
#KITE #Technical_Analysis #Crypto #KITE #تحليل_فني #كريبتو #بينانس
