#kite $KITE

Short Strategy for KITEUSDT

🔻 Short Position Summary

Market Context: Massive 175% pump → likely overextended; potential reversal ahead.

Entry Zone: 0.135–0.145 after price fails to break 0.15–0.16.

Confirmation: Decreasing volume, RSI drops below 60, or bearish candle on 15m–1h chart.

Stop Loss: 0.162 (above recent high).

Take Profit:

TP1: 0.110

TP2: 0.085

TP3: 0.060

Leverage: Max 3–5x.

Risk: 1–2% of capital per trade.

Tip: Wait for breakdown and failed retest before entering; move stop to breakeven once TP1 hits.

✅ Goal: Profit from a potential correction after a parabolic pump while keeping risk tightly controlled.

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