I’m watching $KITE on the lower timeframe. Price dipped, formed a higher low, and is now consolidating above local support. Momentum cooled after a push up, which gives a clean continuation or bounce opportunity if support holds.
Trade Plan
Entry Zone
0.0847 to 0.0852
Target Points
Target 1 0.0859
Target 2 0.0868
Stop Loss
0.0839
Why this setup works
I’m seeing a higher low structure after a sharp selloff, followed by controlled consolidation. Buyers defended the support zone multiple times, and volume slowed on the pullback, which usually signals selling pressure is weakening. If price holds above support, the next move is likely a push back to recent highs. Risk is clearly defined, and reward outweighs the downside.
KITE
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