KITE is currently down -37.29% after listing— huge selling pressure from airdrop holders! 🚨
RSI is below 20, indicating extreme oversold territory, but that doesn’t mean it’s time to go long yet. When tokens are newly listed with massive airdrops, early receivers usually dump their rewards — and that’s exactly what we’re seeing here. 💥
🧠 Tip: Don’t rush to long when listing dump pressure is high. Wait for the price to stabilize and volume to cool down before taking any entry.
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