$KITE /USDC BULLISH TECHNICAL OUTLOOK
Market Structure:
Price is consolidating near key support levels while the Parabolic SAR has flipped below the candles, signaling bullish momentum. Short-term moving averages are converging and showing signs of an upward crossover, indicating potential for a breakout toward the next resistance zones.
Trend Bias: Bullish
Trade Type: Long Setup
Long Entry Zone:
Near the support cluster around recent intraday lows
Targets (TP):
TP1: Immediate resistance from prior swing highs
TP2: Key intraday supply level
TP3: Extended bullish target near upper range resistance
Stop Loss (SL):
Below the recent consolidation support and SAR flip level
Risk Management:
Limit exposure per trade, enter after confirmation of bullish momentum, and move stop loss to breakeven after TP1 is reached to secure capital.
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