$KITE IS FLYING INSIDE A RISING WEDGE 🪁
Sats, take a look at #KITE on the weekly chart.
After finding a bottom around $0.0895, price started building higher lows and moving inside a rising wedge structure. Buyers are slowly trying to regain control.
Currently trading around $0.1237, with MA7 at $0.1282 and MA25 at $0.1362 acting as nearby barriers.
If price breaks above $0.13–$0.136 and sustains the move, we could see the next expansion.
My trading plan:
Safe entry: Below $0.118
Stop-loss: $0.10
Targets: 0.13, 0.14, 0.16, 0.18, 0.20
A clean breakout could open the door for higher levels. But remember, a rising wedge can also break down, so keep an eye on the support structure.
Sats, take a look at #KITE on the weekly chart.
After finding a bottom around $0.0895, price started building higher lows and moving inside a rising wedge structure. Buyers are slowly trying to regain control.
Currently trading around $0.1237, with MA7 at $0.1282 and MA25 at $0.1362 acting as nearby barriers.
If price breaks above $0.13–$0.136 and sustains the move, we could see the next expansion.
My trading plan:
Safe entry: Below $0.118
Stop-loss: $0.10
Targets: 0.13, 0.14, 0.16, 0.18, 0.20
A clean breakout could open the door for higher levels. But remember, a rising wedge can also break down, so keep an eye on the support structure.
