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📉 $KITE – The recent downtrend in Bitcoin is weighing heavily on KITE, leading to a potential sell-off
🔴 $KITE SHORT
🎯 Entry: 0.12719 – 0.12757
🛑 Stop Loss: 0.13467
🎯 TP: 0.11632 - 0.11098 - 0.10552
🧠 Plan & Logic
Plan & Logic KITE is exhibiting lower-high and lower-low patterns on the 1-hour chart, indicating a weakening uptrend. The setup depends on confirmation around the entry zone and follow-through after the move.
Trade $KITE here 👇 📉 🔻