$KITE looks extended into resistance after a completed impulse leg — this is where exhaustion shorts make sense if rejection confirms.
🔍 Market Read –$ KITE/USDT
• Strong rally already printed
• Price testing major supply around 0.24
• Momentum flattening near highs
• Risk/reward favors pullback over breakout (for now)
If buyers can’t hold above 0.245–0.25 with volume expansion, this zone likely acts as distribution.
🔴 Short Setup –
$KITE E
Entry: 0.235 – 0.245
Stop Loss: 0.255 (clear breakout invalidation)
Targets:
🎯 TP1: 0.215
🎯 TP2: 0.190
🎯 TP3: 0.165
Secure partials at each target and trail stop to protect gains after TP1.
📉 Confirmation Signals
Lower high on lower timeframes
Bearish engulfing near 0.24
Increasing sell volume on rejection
Failure to close strong above 0.25
🚨 Invalidation
Clean breakout + acceptance above 0.255 with strong volume = squeeze potential.
This is a resistance rejection play — don’t front-run it without confirmation.
Risk management > prediction.
#KİTE #Kitex #BERA #NİGHT