$KITE Trade Signal: KITE/USDT (Short)
Direction: SHORT 📉
Entry Zone: 0.1790 – 0.1800 (current rejection zone)
Take Profit 1: 0.1720 (near recent support)
Take Profit 2: 0.1600 (psychological level / prior low)
Take Profit 3: 0.1540 (24h low / stronger support)
Stop Loss: 0.1845 (above 24h high)
Risk/Reward: ~1:2.5 (based on TP2)
Bearish Rationale:
· Price is stalling near 0.1793, failing to break 0.1837 24h high – shows rejection.
· Lower timeframe (1h/15m) likely forming lower highs, momentum fading.
· Volume may be drying up near resistance; bearish divergence possible.
· Visible supports below: 0.1540, 0.1294 – path of least resistance is down if 0.1720 breaks.
· Overall structure still within a downtrend on higher timeframes unless 0.2032 clears.
Confirmation:
Wait for a 1h close below 0.1780 or clear rejection wick at 0.1800 before entering.
