$KITE — TP2 HIT ✅ | Short Idea Playing Out
Rally into resistance did exactly what we anticipated.
Price rejected cleanly from the 0.150–0.158 supply zone, confirming seller control as momentum stalled at resistance. Breakdown followed with strong follow-through.
📉 Trade Recap (SHORT
$KITE ):
• Entry: 0.150 – 0.158
• TP1: 0.142 ✅ (reaction / partial secured)
• TP2: 0.135 ✅ (breakdown continuation)
• SL: 0.166 (never threatened)
Market respected structure perfectly — mean reversion from a distribution zone before any further upside attempt.
🧠 What this tells us:
• Supply zone remains valid
• Sellers defended resistance with conviction
• Momentum divergence resolved to the downside
🔍 Next:
Watching for continuation toward TP3: 0.128, or signs of demand stepping in for a bounce.
Risk managed. Plan respected. Execution > emotion.
Not financial advice — always manage risk.
#KITE #Tphit #MarketCorrection