THE BREAKDOWN IS REAL
$KITE
Down 5.41% today to 0.1137. Hit 0.1230 high then dumped to 0.1126 low. This is the second straight day of selling.
Volume is dead. Only 14.27M KITE traded in 24 hours. That is pathetic. Anyone can move this token with pocket money.
Moving averages are screaming bearish. MA7 at 0.1173 above price. MA25 at 0.1248 above price. MA99 at 0.1246 above price. Every single one is resistance. Price is trapped below all of them.
Support at 0.1126. Break that and 0.1108 is next. Then freefall to 0.10. Resistance at 0.1173 just to breathe. Real reversal needs 0.1248.
The 30-day chart shows 13.49% gains. But the 90-day chart shows -39.12%. The 180-day chart shows -56.76%. This token has been bleeding for half a year. One small pump does not fix a broken trend.
Bottom line: Dead liquidity. Dead momentum. Bearish structure. Do not catch this falling knife. Wait for price to reclaim MA7 at 0.1173 before even thinking about a trade.
TRADE DATA. NOT HOPE.
$KITE
Down 5.41% today to 0.1137. Hit 0.1230 high then dumped to 0.1126 low. This is the second straight day of selling.
Volume is dead. Only 14.27M KITE traded in 24 hours. That is pathetic. Anyone can move this token with pocket money.
Moving averages are screaming bearish. MA7 at 0.1173 above price. MA25 at 0.1248 above price. MA99 at 0.1246 above price. Every single one is resistance. Price is trapped below all of them.
Support at 0.1126. Break that and 0.1108 is next. Then freefall to 0.10. Resistance at 0.1173 just to breathe. Real reversal needs 0.1248.
The 30-day chart shows 13.49% gains. But the 90-day chart shows -39.12%. The 180-day chart shows -56.76%. This token has been bleeding for half a year. One small pump does not fix a broken trend.
Bottom line: Dead liquidity. Dead momentum. Bearish structure. Do not catch this falling knife. Wait for price to reclaim MA7 at 0.1173 before even thinking about a trade.
TRADE DATA. NOT HOPE.
