$KITE – Market Breakdown

Market Overview

KITE is showing signs of exhaustion after sustained selling pressure. Price is hovering near a historically reactive zone where accumulation could occur. Market structure is neutral to bearish in the short term.

Key Levels

Support:

0.0820 – Immediate support

0.0780 – Major demand level

Resistance:

0.0885 – Short-term resistance

0.0950 – Breakdown zone

Trade Plan

Scalp Long:

Entry: 0.0820 – 0.0790

Targets: 0.0885 / 0.0940

Invalidation: Breakdown below 0.0780

Bearish Extension:

Entry: Below 0.0780

Targets: 0.0740 / 0.0705

Patience is key. Confirmation at support will define the next directional move.