The best entry points for growth are during a pullback to $0.078–$0.080 (aggressively) or on a confirmed breakout above $0.096 (conservatively); for short trading — on a breakout down below $0.075 or on a bounce from resistance at $0.090–$0.096 with volume confirmation.
The current price of KITE is around $0.08–$0.09, with high relative volatility and significant trading volume over 24 hours, making support/resistance levels key for entry and risk management.
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| Level | Action | Stop-loss | Target |
|---|---:|---:|---:|
| $0.078–$0.080 | Buy on retracement (aggressively) | 3–6% below level | $0.088–$0.096 |
| > $0.096 | Buy on breakout (conservatively) | 4–8% below breakout | $0.11+ |
| $0.090–$0.096 | Sell on bounce (short) | 3–5% above level | $0.078–$0.075 |
| < $0.075 | Short on breakout of support | 3–6% above breakout | look for next support |
Recommended entry points — details
For growth (long)
- Aggressive entry: upon retracement to $0.078–$0.080 take a partial position; confirmation — candlestick reversal pattern + increase in volume. If the level is held, add position with target $0.088–$0.096.
- Conservative entry: wait for breakout and retest of $0.096 with volume above average — entry after retest; stop below retest, target — next resistance zone and profit fixation in parts.
For shorting
- On breakout: if the price closes and goes with increasing volume below $0.075, this is a signal to short with a short stop above the broken support; target — nearest area of consolidation/support.
- On the bounce: as it approaches $0.090–$0.096 and with no increase in volume — can open a short with a tight stop above the local maximum; target — test support around $0.078–$0.075.
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Confirming signals and risk management
- Confirmation: volume (increase on breakout), RSI (overbought/oversold), 20/50 SMA for direction; without volume confirmation, entries are risky.
- Position size: no more than 1–2% of capital per trade; stop-loss 3–8% depending on the timeframe.
- Exit: fix part of the profit upon reaching the first target; move stop to breakeven after 50% movement in your favor.
--On capital $500, I recommend a risk per trade of 1–1.5% (that is, $5–$7.5), maximum exposure simultaneously — 40–60% of capital; two practical scenarios with precise orders — on retracement to support and on breakout of resistance.
Current price of KITE around $0.083; liquidity and volume allow for partial entries, but volatility remains high, so strict risk management is important.
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- Risk per trade: 1–1.5% of capital = $5–$7.50.
- Max simultaneous exposure: $200–$300 (40–60% of $500).
- Stop-loss: strict, do not exceed the specified risk; move stop to breakeven after reaching 50% of target movement.
- Profit fixation: fix part (30–50%) at the first target, the remaining part — by trailing stop.
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Specific entry points and position calculations (approximate)
Initial levels: support $0.078–$0.080, resistance $0.090–$0.096, break of support at $0.075 — critical level.
Scenario A — Long on retracement (aggressively)
- Entry: $0.079
- Stop: $0.075 (risk $0.004 per coin)
- Risk in $: $7.50 (1.5% of capital)
- Number of coins: \(\displaystyle \frac{7.5}{0.004}=1875\) coins.
- Position cost: \(1875\times0.079\approx\$148\).
- Targets: first $0.088 (fix 30–50%), second $0.096.
Scenario B — Long on breakout (conservatively)
- Entry: upon close above $0.096 and retest — entry $0.098
- Stop: $0.092 (risk $0.006)
- Number of coins: \(\displaystyle \frac{7.5}{0.006}=1250\) coins.
- Position cost: \(1250\times0.098\approx\$122.5\).
- Targets: $0.11 and above; fix in parts.
Scenario C — Short on breakout of support
- Entry: upon confident close below $0.075 — entry $0.074
- Stop: $0.078 (risk $0.004)
- Number of coins: \(\displaystyle \frac{7.5}{0.004}=1875\) coins.
- Position cost: \(1875\times0.074\approx\$139\).
- Targets: $0.066–$0.060 (fix in parts).
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- Do not open all positions at once; allocate capital in 2–3 parts.
- Watch for volume: enter only with volume confirmation on breakout or on reversal candles on retracement.
- S. B. - "REFERENCE POINT"
