$KITE /USDT BEARISH DOWNTREND – PRICE LOSING ALTITUDE FAST!

KITE/USDT continues its downward slide after rejection from the $0.10–$0.11 resistance area. The price is currently around $0.0834, forming consistent lower highs and lower lows. Failure to hold the $0.080 support will likely trigger further downside, signaling that sellers remain in control while buying momentum is weak.

🔹Trade Setup:

Entry (Short): $0.0830 – $0.0850

Targets (TP):

TP1: $0.0780

TP2: $0.0700

TP3: $0.0600

Stop Loss (SL): $0.0900

🔹Market Outlook:

Market sentiment remains bearish as volume favors sellers on every bounce. Only a breakout above $0.0950–$0.1000 could hint at a potential bullish reversal. Until then, caution is advised for long positions.

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