KITE/USDT – Buying Setup | 4H Timeframe
Entry:
KITE is currently trading around $0.1175 and approaching the descending trendline, with a marked support zone around $0.08–$0.10.
Wait for a strong 4H candle close above the descending trendline, followed by a successful retest (price returns to the broken trendline and holds above it). This would provide stronger confirmation for a buying opportunity. Avoid entering simply because price touches the support zone.
Targets:
The next major potential resistance is around $0.20, as indicated by the projected bullish move on the chart.
Stop Loss:
The $0.08–$0.10 support zone is the key invalidation area. A decisive break below this zone would weaken the bullish setup. Keep the stop below the support area.
Important Note:
KITE is still trading under a descending trendline. The chart suggests a possible recovery from support, but a bullish breakout is not confirmed yet. Avoid chasing price before confirmation.
Decent setup, but needs clearer confirmation.
Entry:
KITE is currently trading around $0.1175 and approaching the descending trendline, with a marked support zone around $0.08–$0.10.
Wait for a strong 4H candle close above the descending trendline, followed by a successful retest (price returns to the broken trendline and holds above it). This would provide stronger confirmation for a buying opportunity. Avoid entering simply because price touches the support zone.
Targets:
The next major potential resistance is around $0.20, as indicated by the projected bullish move on the chart.
Stop Loss:
The $0.08–$0.10 support zone is the key invalidation area. A decisive break below this zone would weaken the bullish setup. Keep the stop below the support area.
Important Note:
KITE is still trading under a descending trendline. The chart suggests a possible recovery from support, but a bullish breakout is not confirmed yet. Avoid chasing price before confirmation.
Decent setup, but needs clearer confirmation.
