I’m watching $KITE closely here. Price just pushed down into a short term support zone after a clean rejection from the recent high. Momentum cooled off and sellers are getting weaker near this area. I’m looking for a bounce, not chasing strength.
Trade Setup
Entry Zone
0.0838 – 0.0843
Target Points
Target 1: 0.0855
Target 2: 0.0868
Stop Loss
0.0829
Why this setup works
I’m buying into support after a sharp pullback where sell pressure is slowing down. The level has already reacted before, and if buyers step in again, price can easily rotate back to the recent range highs. Risk is clearly defined, reward is larger than the risk, and the structure favors a short term recovery move.
KITE
0.0849
+0.47%