📢 $KITE / USDT | 🔴 SHORT | ⭐ 74%
🎯 Target: $0.116248. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.11866
🛑 Stop Loss: $0.12
🏁 TP1: $0.116248
🏁 TP2: $0.114908
🏁 TP3: $0.1133
📈 Analysis:
The asset shows a clear bearish structure, confirmed by the formation of lower highs and lower lows on the 4-hour timeframe. The recent break below support, accompanied by a 22.1% increase in relative volume, suggests greater selling pressure in the market. In addition, the MACD indicator remains in a downtrend, reinforcing sellers’ dominance in the current structure.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
#crypto #KITE #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
🎯 Target: $0.116248. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.11866
🛑 Stop Loss: $0.12
🏁 TP1: $0.116248
🏁 TP2: $0.114908
🏁 TP3: $0.1133
📈 Analysis:
The asset shows a clear bearish structure, confirmed by the formation of lower highs and lower lows on the 4-hour timeframe. The recent break below support, accompanied by a 22.1% increase in relative volume, suggests greater selling pressure in the market. In addition, the MACD indicator remains in a downtrend, reinforcing sellers’ dominance in the current structure.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
#crypto #KITE #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.