I’m watching $KITE after this sharp pullback into a clear demand zone. Price rejected the upper range and is now sitting near intraday support with selling pressure slowing. This looks like a healthy reset after a move, not a breakdown.
Trade setup
Entry zone
0.0890 to 0.0902
Targets
Target 1 0.0915
Target 2 0.0930
Target 3 0.0950
Stop loss
0.0874
Why this setup works
I’m taking this because price is reacting near a previous support level where buyers stepped in before. The sell candles are extended and volume is cooling, which often leads to a bounce. Risk is clearly defined below the recent low, while upside offers a better reward if price reclaims the short-term range.
KITE
0.092
+4.42%