🚀 $KITE is showing a potential technical setup!

The weekly chart on Bybit highlights a multi-month consolidation followed by a potential double bottom reversal setup forming around the 0.1000 USDT support zone.

📈 The Technical Setup:
• The Pattern: Double Bottom / Reversal Structure
• Short-term Target: 0.2800 USDT
• Macro Objective: 0.3500 USDT
• Market Structure: Reversal / Accumulation recovery

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.1000 - 0.1200 USDT
• Resistance: 0.2000 USDT
• Breakout Level: 0.1400 USDT
• Stop Loss / Invalidation: 0.0950 USDT

📊 Confirmation:
• Volume: Neutral/standard volume building near lows
• Momentum: Bullish recovery candles forming after long downtrend
• Trend: Potential macro trend reversal from multi-month lows

⚠️ Invalidation:
A decisive weekly close below the 0.0950 USDT support zone would completely invalidate this bullish reversal setup.

Patience is key while waiting for confirmation above the breakout level before entering positions.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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