$KITE Short: Momentum Lost, Gravity Takes Over 📉
$KITE is losing altitude fast. ⚠️ The recent bounce lacks any real conviction, and sellers are starting to dominate the flow.
The Logic:
No Follow-Through: Attempts to push higher are failing immediately. Buyers seem uncomfortable defending these levels.
Supply Pressure: Strength is getting faded consistently. The supply is pressing into momentum, creating a "heavy" feel to the price action.
Bearish Continuation: Market structure favors a continuation lower if sellers remain active in this zone.
🎯 Trade Setup:
Direction: SHORT (Max 10x) 🟥
Entry Zone: 0.204 – 0.216
🚫 Stop Loss (SL): 0.235
✅ Take Profit 1: 0.192
✅ Take Profit 2: 0.178
✅ Take Profit 3: 0.164
Manage your leverage carefully on this one! ⚖️
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Trade $KITE here 👇
