$KITE - SHORT SETUP
Entry: 0.1015 - 0.1018
SL: 0.1032
TP1: 0.1005
TP2: 0.0990
TP3: 0.0975
👉Reason:
1. Rejection at High: Price reached the 24h High 0.1028 and got rejected with a red candle on the 1H chart.
2. Overbought Pullback: KITE pumped straight from 0.0921. It's now far above MA7 at 0.1005, so profit booking is likely.
3. *Risk/Reward*: If price hits SL the uptrend continues. Otherwise we can expect a pullback toward the MA zone.
#KİTE #Binance #WriteToEarn
Entry: 0.1015 - 0.1018
SL: 0.1032
TP1: 0.1005
TP2: 0.0990
TP3: 0.0975
👉Reason:
1. Rejection at High: Price reached the 24h High 0.1028 and got rejected with a red candle on the 1H chart.
2. Overbought Pullback: KITE pumped straight from 0.0921. It's now far above MA7 at 0.1005, so profit booking is likely.
3. *Risk/Reward*: If price hits SL the uptrend continues. Otherwise we can expect a pullback toward the MA zone.
#KİTE #Binance #WriteToEarn