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$KITE INVALIDATES $0.5 RUN WITH C-WAVE EXTENSION ๐ฅ
The recent rejection at the rising channel midline confirms a deeper C-wave extension. The invalidation of the $0.5 run shifts focus to a short-term decline toward the $0.06-$0.09 range before any potential reversal.
Volume structure supports this bearish leg โ the break below the midline was accompanied by increasing selling pressure. Holding above the floor is crucial; a loss there could accelerate downside significantly.
Are you positioning for the drop or waiting for the floor to break first?
Not financial advice. Always manage your risk.
#KITE #Cwave #Bearish #Breakdown #Crypto
โก
The recent rejection at the rising channel midline confirms a deeper C-wave extension. The invalidation of the $0.5 run shifts focus to a short-term decline toward the $0.06-$0.09 range before any potential reversal.
Volume structure supports this bearish leg โ the break below the midline was accompanied by increasing selling pressure. Holding above the floor is crucial; a loss there could accelerate downside significantly.
Are you positioning for the drop or waiting for the floor to break first?
Not financial advice. Always manage your risk.
#KITE #Cwave #Bearish #Breakdown #Crypto
โก
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