Trend Reversal: Buy (Long) $KITE 🪁
Entry Area: 0.1880 – 0.1950
📈 Analysis: Strong trend reversal with the formation of higher highs and higher lows on the hourly frame. $KITE has reached a low of 0.1590 and since then has formed a clean series of bullish engulfing candles. The price is currently consolidating below resistance. Staying above 0.1850 maintains the bullish structure and opens the way for further increases.
🎯 Take Profit Targets:
0.2050
0.2200
0.2400
🛑 Stop Loss: 0.1760
Trade below 👇
KITEUSDT
Perp
0.19581
+20.18%
Disclaimer: DYOR, NFA