I’m watching $KITE after a sharp pullback and a clear liquidity sweep. Price sold off hard, grabbed stops below support, and now it’s stabilizing with small-bodied candles. This tells me selling pressure is cooling and buyers are starting to defend this zone. I’m not chasing. I’m planning a controlled bounce trade from support with tight risk.
Trade Setup
Entry Zone: 0.0830 – 0.0836
Target Point(s):
TP1: 0.0850
TP2: 0.0865
Stop Loss: 0.0819
Why this setup works
I’m trading after a stop-hunt and reaction from a key intraday support. The long wick below shows rejection of lower prices. Structure is compressing which often leads to a short-term push up. Risk is clearly defined and reward is larger than the stop which keeps the trade clean and disciplined.
KITE
0.0823
-4.30%
#USNonFarmPayrollReport #WriteToEarnUpgrade #CPIWatch #USJobsData #BTCVSGOLD