🚀 $KITE : BULLISH MOMENTUM IS BACK — BREAKOUT OR FAKEOUT? 👀
$KITE is trading near $0.1217, up 9.54%, after bouncing from the $0.1198 area. On the 15-minute chart, price has recovered above MA(7) at $0.1208 and MA(25) at $0.1213.
📊 My Trading Plan
🟢 Potential LONG Entry: $0.1208–$0.1212
🎯 TP1: $0.1225
🎯 TP2: $0.1235
🎯 TP3: $0.1260
🛑 Stop-Loss: $0.1169
What I’m watching:
🔹 Resistance near $0.1225–$0.1242
🔹 A successful retest of the entry zone could support bullish continuation
🔹 A rejection near resistance may trigger another pullback
⚠️ Price is already above the proposed entry zone, so avoid chasing the move. Wait for a suitable retest and confirmation. These are technical scenarios, not guaranteed outcomes.
📚 Trading lesson: A bullish candle alone doesn’t confirm a breakout. Watch resistance, volume, and the retest before making a decision.
💬 Your view: Can $KITE break above $0.1242, or will sellers defend this level? Share your reasoning below.
#KİTE #cryptotrading #TechnicalAnalysis #BinanceSquare
$KITE is trading near $0.1217, up 9.54%, after bouncing from the $0.1198 area. On the 15-minute chart, price has recovered above MA(7) at $0.1208 and MA(25) at $0.1213.
📊 My Trading Plan
🟢 Potential LONG Entry: $0.1208–$0.1212
🎯 TP1: $0.1225
🎯 TP2: $0.1235
🎯 TP3: $0.1260
🛑 Stop-Loss: $0.1169
What I’m watching:
🔹 Resistance near $0.1225–$0.1242
🔹 A successful retest of the entry zone could support bullish continuation
🔹 A rejection near resistance may trigger another pullback
⚠️ Price is already above the proposed entry zone, so avoid chasing the move. Wait for a suitable retest and confirmation. These are technical scenarios, not guaranteed outcomes.
📚 Trading lesson: A bullish candle alone doesn’t confirm a breakout. Watch resistance, volume, and the retest before making a decision.
💬 Your view: Can $KITE break above $0.1242, or will sellers defend this level? Share your reasoning below.
#KİTE #cryptotrading #TechnicalAnalysis #BinanceSquare