$KITE pushed into 0.14902 and failed to hold the rebound.



Trading Plan

Short KITE up to 10x

Entry: 0.1422 to 0.1440
SL: 0.1495
TP1: 0.1400
TP2: 0.1385
TP3: 0.1370

Price tried to recover after the push into 0.14902, but the rebound faded and the structure rolled back over. The bounce from 0.13786 is still weak, and price has not reclaimed the higher zone cleanly. That usually signals sellers are still controlling the range and leaves room for another move lower if this recovery stalls again.

As long as KITE stays below the recent rejection area, this setup favors a pullback into lower support.

Trade here $KITE ‌
KITE-2.35%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin