$KITE Recently riding the wave of AI and memes, the price has climbed up from the low point.
The trading volume has also been quite lively, and Uncle Qi has been watching this thing for a few days now.
Looking at the market trends, something feels off, around the price point of #KITE 0.191.
This is its recent false breakout point, and the price happens to be stuck at a short-term resistance level.
The trading volume has been shrinking, and the buying power has weakened significantly as well.
Additionally, on-chain data shows that there have been several large transfers to exchanges.
It's clearly the rhythm of preparing to run away. Retail investors are still chasing highs, while the main forces have already started harvesting.
Uncle Qi decided to notify fans to enter the market with a market price short position; it's acceptable if they can't catch it and incur losses.
But fortunately, Uncle Qi's direction was correct, even though today he has already incurred losses on two or three trades.
Currently, the profit situation is still in the green, and tonight's pig trotter rice is still on the menu!
Continue to the next trade, there's still room; those who want to join in, come on! Lurking: $AIOT $ZEN
