$KITE has already delivered a strong upside move, rallying from 0.085 to 0.24 in a short time. After hitting a local high near 0.2427, price showed clear rejection and momentum has started to slow. The small bearish candles forming near resistance suggest the market is entering a short-term pullback phase.
At this stage, a correction looks more likely than immediate continuation.
🔴 Short Setup (Pullback Trade)
Entry Zone: 0.202 – 0.210
Stop Loss: 0.225
Targets:
🎯 0.181
🎯 0.160
🎯 0.135
If selling pressure increases, a deeper move toward the 0.12 area is also possible.
🟢 Invalidation / Bullish Case
A strong daily close above 0.225 would invalidate the short idea.
In that scenario:
– Retest of 0.2427
– Acceptance above 0.245 could open the move toward 0.27
Final View
After such an extended rally, chasing longs near the highs carries higher risk. More attractive long opportunities are likely lower, around the 0.160–0.170 zone where risk-to-reward improves.
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