【$KITE】Short, Volume-Price Divergence/Funding Rate Suppression/High-Level Distribution


$KITE Price surged to 0.2238, but buying pressure quickly depleted. The latest 1-hour trading volume plummeted 73%, with sell orders rising to 52%. The 4-hour MACD histogram is contracting, with weakening bullish momentum. Meanwhile, the funding rate remains negative, indicating insufficient leverage long interest, and selling pressure is accumulating at higher levels.
🎯Direction: Short🛑Stop Loss: 0.2180⚡Entry: 0.2126 - 0.2140🚀Target: 0.2032🛡️Strategy: Batch take profits, guard against pullbacks.

View live market 👇 $KITE
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KITE7,76%
BTC0,2%
ETH0,43%
SOL1,03%
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