๐ $KITE /USDT: Bearish Rejection! Time to Short? ๐๐
$KITE touched its major resistance at $0.168 but failed to hold. After a long wick rejection, price is now dropping ๐๐ The trend change signal is clear! ๐ฅ
๐ Technical Highlights:
โจ Major Rejection: Rejected at $0.16810, now trading around $0.153 โ sellers in control ๐ฅ
๐ Lower Highs: 1H chart shows a lower peak โ bearish momentum confirmed ๐
๐ฅ Volume: Sell volume is building, buyers losing strength ๐
๐ Short Trade Setup:
๐ด Entry: $0.153โ$0.155 (best short entry zone) โก
๐ฏ Target 1: $0.140 ๐
๐ฏ Target 2: $0.120 (Blue line major support) ๐
๐ Stop Loss: $0.164 ๐ก๏ธ
โ ๏ธ Note: Chances of market correction have increased ๐ฅ
Have you opened your short position or waiting? Share in the comments! ๐๐
๐ Tip: A break below $0.150 psychological level could accelerate the drop โ keep booking profits! โจ
#KITE #ShortTrade #bearish $KITE
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