🚨 KITE/USDT Futures Trade Update — Short Entry at $0.069 🚨

Just entered a short position at $0.069 on KITE/USDT perpetual futures amid strong selling pressure and ongoing weakness below key resistance near $0.09.

Updated Trade Setup & Strategy

Current Price: Around $0.07, recently hitting lows near $0.068.
Leverage Recommendation: 3x to 5x to balance risk and reward.

Short Position Details:

Entry: $0.069 (confirmed short)

Stop Loss: $0.073 (resistance area buffer)

Take Profit Targets:

First target: $0.062 (support zone)

Second target: $0.058 (further downside support)

Bullish Reversal Watch:

Entry: If price shows strong bounce from $0.062–$0.065 support zone.

Stop Loss: Below $0.06 to minimize risk.

Take Profit: $0.075–$0.08 on retracement.

Key Considerations:

Watch volume and momentum indicators closely to manage your stop loss and take profit levels dynamically.

The high selling pressure near $0.09 continues to limit upward attempts.

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