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$KITE Strong Downtrend
The primary trend is unequivocally bearish, confirmed by MA alignment, MACD, and massive contract outflows. However, the confluence of deep oversold conditions (RSI, KDJ), price at the Bollinger Lower Band, and a negative funding rate creates a high-risk environment for new shorts at the current price. A dead-cat bounce or consolidation is likely before any further significant downside.
Entry short
$KITE : retracement towards 0.218- 0.221 resistance area
Stop-Loss: above 0.2215 (above MA10 and a recent swing high).
Target Price
$KITE : 0.207 (recent low), then 0.202 (Lower Band)
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