$KITE /USDT Panic Wick, Not a Breakdown
Price flushed hard from the local top near 0.0934, sweeping liquidity into the 0.090 0.091 demand zone then snapped back quickly. That kind of wick usually signals forced selling not trend failure.
Structurally, this move came after a short parabolic push, followed by a healthy reset. The bounce is holding above prior intraday support and RSI is back near 60 suggesting momentum is rebuilding rather than fading.
As long as price holds above 0.090 this looks like acceptance after a shakeout. A clean reclaim and hold above 0.0935 would open continuation toward higher intraday extensions.
Levels to watch:
• Support: 0.090 0.091
• Invalidation: Below 0.089
• TP1: 0.095
• TP2: 0.099
• Extension: 0.105
Volatility did its job. Now the market decides direction.
