๐ $KITE : BULLISH MOMENTUM IS BACK โ BREAKOUT OR FAKEOUT? ๐
$KITE is trading near $0.1217, up 9.54%, after bouncing from the $0.1198 area. On the 15-minute chart, price has recovered above MA(7) at $0.1208 and MA(25) at $0.1213.
๐ My Trading Plan
๐ข Potential LONG Entry: $0.1208โ$0.1212
๐ฏ TP1: $0.1225
๐ฏ TP2: $0.1235
๐ฏ TP3: $0.1260
๐ Stop-Loss: $0.1169
What Iโm watching:
๐น Resistance near $0.1225โ$0.1242
๐น A successful retest of the entry zone could support bullish continuation
๐น A rejection near resistance may trigger another pullback
โ ๏ธ Price is already above the proposed entry zone, so avoid chasing the move. Wait for a suitable retest and confirmation. These are technical scenarios, not guaranteed outcomes.
๐ Trading lesson: A bullish candle alone doesnโt confirm a breakout. Watch resistance, volume, and the retest before making a decision.
๐ฌ Your view: Can $KITE break above $0.1242, or will sellers defend this level? Share your reasoning below.
#KฤฐTE #cryptotrading #TechnicalAnalysis #BinanceSquare
$KITE is trading near $0.1217, up 9.54%, after bouncing from the $0.1198 area. On the 15-minute chart, price has recovered above MA(7) at $0.1208 and MA(25) at $0.1213.
๐ My Trading Plan
๐ข Potential LONG Entry: $0.1208โ$0.1212
๐ฏ TP1: $0.1225
๐ฏ TP2: $0.1235
๐ฏ TP3: $0.1260
๐ Stop-Loss: $0.1169
What Iโm watching:
๐น Resistance near $0.1225โ$0.1242
๐น A successful retest of the entry zone could support bullish continuation
๐น A rejection near resistance may trigger another pullback
โ ๏ธ Price is already above the proposed entry zone, so avoid chasing the move. Wait for a suitable retest and confirmation. These are technical scenarios, not guaranteed outcomes.
๐ Trading lesson: A bullish candle alone doesnโt confirm a breakout. Watch resistance, volume, and the retest before making a decision.
๐ฌ Your view: Can $KITE break above $0.1242, or will sellers defend this level? Share your reasoning below.
#KฤฐTE #cryptotrading #TechnicalAnalysis #BinanceSquare