$KITE Uptrend with consolidation near resistance
The market structure remains bullish with higher highs and higher lows on the 1H chart. However, the proximity to key resistance at 0.1588 and overbought conditions across multiple indicators suggest caution for immediate entries.
The asset has shown strong recovery from recent lows around 0.12483, with the current price representing approximately 25% gain from those levels.
Entry long $KITE
• Ideal entry: 0.150-0.152 (near MA20 and key support)
• Alternative entry: Break and close above 0.159 with volume
Stop-Loss: For entry at 0.151: Stop at 0.145
Target Levels $KITE
• Primary: 0.162 (Resistance)
• Secondary: 0.167 (next resistance)
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KITEUSDT
Perp
0.18793
+8.34%