$KITE BEARS ARE WATCHING THIS REJECTION — WILL SELLERS TAKE CONTROL?
$KITE is pushing higher again, but I’m not calling this a bullish breakout just yet. The key question is whether buyers can hold the recovery or whether price gets rejected near resistance and gives back the move.
SHORT SETUP — ONLY IF REJECTION CONFIRMS
🔹 Entry Zone: $0.1359–$0.1398
TP1: $0.1340
TP2: $0.1330
TP3: $0.1323
Stop-Loss: $0.1426
What I’m watching on the chart:
If $KITE fails to hold above the entry zone and sellers push price back below $0.1359, bearish momentum could build toward the listed targets. A weak bounce with declining volume would add to the short setup.
Bearish invalidation: If buyers reclaim $0.1398 and push through $0.1426, the short idea is invalidated. Don’t fight a confirmed breakout.
This is a conditional trade setup, not a guaranteed move. Wait for price confirmation, manage risk carefully, and avoid entering just because a candle looks bearish.
Would you take this short after confirmation, or wait for bulls to make their next move? #
#Binance #crypto
$KITE is pushing higher again, but I’m not calling this a bullish breakout just yet. The key question is whether buyers can hold the recovery or whether price gets rejected near resistance and gives back the move.
SHORT SETUP — ONLY IF REJECTION CONFIRMS
🔹 Entry Zone: $0.1359–$0.1398
TP1: $0.1340
TP2: $0.1330
TP3: $0.1323
Stop-Loss: $0.1426
What I’m watching on the chart:
If $KITE fails to hold above the entry zone and sellers push price back below $0.1359, bearish momentum could build toward the listed targets. A weak bounce with declining volume would add to the short setup.
Bearish invalidation: If buyers reclaim $0.1398 and push through $0.1426, the short idea is invalidated. Don’t fight a confirmed breakout.
This is a conditional trade setup, not a guaranteed move. Wait for price confirmation, manage risk carefully, and avoid entering just because a candle looks bearish.
Would you take this short after confirmation, or wait for bulls to make their next move? #
#Binance #crypto