With 73.3% of the RSI on the $KITE 1H chart, a long overdue expansion is on the horizon.
$KITE - LONG🟢
Entry: 0.1013
SL: 0.09204
TP1: 0.106
TP2: 0.1107
TP3: 0.1153
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H chart is coiling up, with volatility compression reaching a boiling point, suggesting a sharp move upward is imminent.
On the 1D chart, the price is trading below its EMA50, indicating a bearish bias - so this long trade requires careful risk management.
Do you think $KITE has the potential to break out of this compressed range, or will it succumb to the broader bearish trend?
Click here to Trade 👇
$KITE - LONG🟢
Entry: 0.1013
SL: 0.09204
TP1: 0.106
TP2: 0.1107
TP3: 0.1153
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H chart is coiling up, with volatility compression reaching a boiling point, suggesting a sharp move upward is imminent.
On the 1D chart, the price is trading below its EMA50, indicating a bearish bias - so this long trade requires careful risk management.
Do you think $KITE has the potential to break out of this compressed range, or will it succumb to the broader bearish trend?
Click here to Trade 👇