I’m watching $KITE after a clean pullback into support and a quick reaction bounce. Price rejected the lower wick area and buyers stepped in fast. Structure is still holding higher lows on the intraday chart and momentum is trying to flip back up.
Trade setup
Entry Zone: 0.0846 – 0.0852
Targets:
TP1: 0.0860
TP2: 0.0867
Stop Loss: 0.0840
Why this works
I’m taking this because price tapped a demand zone, printed rejection wicks, and volume stabilized after the dip. Risk is tight below support, upside targets align with recent highs. If momentum follows through, this gives a clean risk to reward bounce trade
KITE
0.0885
+5.60%
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