🚨 $KITE Stuck in Neutral, But Bears Lurking – Tread Light
*Volume's Whispering "Meh": That latest daily candle? Barely a blip at 71K volume – what a nosedive from the wild rides before, like that monster 9.5B dump day. It's screaming indecision, you know? Like the market's yawning at these levels, end of the line for whatever mini-trend was cooking. No conviction means anything could pop, but history says low vol like this often preludes more pain.
*Flows: Big Picture's Leaking, Short-Term's Teasing Relief: This one's a mixed bag, but not in a fun way. Zoom out, and it's all outflows – contracts bleeding -487K over 24H, -1.92M in 3 days, -1.56M weekly; spot's down -207K too. Straight-up capital flight, folks – bears winning the war. But hey, those tiny short-term inflows (5m/15m/30m on both sides) feel like a breather, maybe enough for a fakeout bounce before the real slide resumes. Fingers crossed? Nah, I'm skeptical.
*My Call $KITE : Cautious Bear – Short If It Cracks
If you're itching for action, hold fire till it snaps below that Support cluster at 0.08111 (or the daily low 0.08382) – and yeah, watch for volume to back it up, don't chase ghosts. Or flip it: sell the rejection off Resistance at 0.09421 or the Bollinger top – easier trap to spot.
SL wise, tuck it just above the recent high around 0.09450. That's about 7.5% cushion from a breakdown entry, giving breathing room for the sleepy ATR (0.01187) without getting whipsawed.
Targets? Eye support at 0.07423 first – that's a solid 10%+ drop from the break, turning your risk into decent reward. Nail it, and you're golden; miss, and well, cut bait quick.
*Quick Why: Low vol + outflow dominance = bear trap waiting to spring, even if short-term flows hint at a hiccup. But this setup's fragile – one wrong candle, and poof. #KİTE #kiteusdt @KITE AI