$KITE pushed higher, but now price is sitting near a zone where sellers can step back in. The move up was clean, but continuation needs acceptance above resistance. If price fails to hold and slips back below structure, shorts get the edge.

This is not a blind short. This is a failure-based trade.

Entry Zone:

0.0888 – 0.0898

Targets:

TP1: 0.0862

TP2: 0.0838

TP3: 0.0808

Stop Loss:

Above 0.0918

Why this works:

Upside momentum is slowing near resistance. If buyers lose control and price falls back below the reclaimed level, it signals rejection, not continuation. That’s where shorts gain probability.

Wait for confirmation, control size, and let price decide.

Trade smart with $KITE and stay disciplined on $KITE .

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