KITE Daily Breakout: Safer Retest Long vs Aggressive Continuation Play
On the daily chart for , things are heating up in a really interesting way right now — price is sitting around 0.1492 after that strong breakout spike pushed it all the way up to 0.1561, backed by what looks like solid buying pressure. The uptrend is clearly intact here, with price comfortably above the MA7 at 0.1267 and way above the MA25 at 0.1040, so the structure is bullish and the momentum feels legitimate rather than just a quick pump-and-dump wick. That said, we're right up near the top of this recent breakout move, so chasing it blindly from here isn't the smartest play — the cleaner, higher-probability longs tend to come on a healthy retest rather than FOMOing in at the highs.
I've got two solid rule-based long setups depending on how aggressive you're feeling. The safer, preferred one is the classic breakout retest: wait for price to pull back and hold that 0.143–0.145 zone — that's the previous breakout area and current consolidation pocket — ideally with a nice bullish daily or 4H candle showing rejection and buyers defending it. Entry would be right around 0.144–0.146 once it confirms the hold, with a stop-loss tucked below at 0.137 to give it some wick room without getting shaken out too easily. Targets stack up nicely: grab TP1 at 0.156 to lock in the initial move, TP2 at 0.165 as it builds steam, and if momentum really carries through, let a piece run toward 0.178–0.180. Invalidation is simple — if we close the daily below 0.143, the retest fails and it's probably heading lower, so cut it quick.
For the more aggressive continuation play, you're looking for a daily (or strong 4H) close above that 0.156 level with real volume conviction and no ugly wick rejection — that's the signal buyers are ready to push higher without much hesitation. Entry on the pullback or right after the close around 0.156–0.158, stop-loss tighter at 0.149 if you're feeling bold or safer back at 0.143 for more cushion. Profits the same idea: TP1 0.165, TP2 0.178, and stretch TP3 to 0.195–0.200 if it's running hot. Either way, since this thing's already extended after a sharp pump, keep risk super disciplined — no more than 1% per trade and definitely take partials off at TP1 to reduce exposure as it gets extended. This one's got nice upside potential if it holds structure, but respect the levels and don't force it — the market will tell you soon enough which path it's taking. If you let me know spot vs futures and whether you're leaning scalp or swing, I can tighten it down to one clean plan with entry/SL/TP dialed in.
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