$KITE Bearish Continuation From Rising Channel
KITEUSDT
Perp
0.08485
+2.40%
$KITE has broken down from the rising channel after a strong impulsive move, indicating short-term exhaustion and seller pressure. Failure to reclaim the 0.083–0.084 area keeps downside momentum active, with price likely to drift toward the lower support zone if selling continues.
Trade Setup:
Entry: 0.0835 – 0.0850
Target: 0.0800 – 0.0790
Stop-Loss: 0.0860