$KITE /USDT BEARISH PLUNGE — SEED COIN DROPS NEAR 12%! 🔻
$KITE/USDT has dropped -11.81%, retreating from the 0.098–0.099 resistance zone and testing support near 0.085–0.086. The chart shows lower highs and strong selling pressure, signaling that bears are in control. Immediate market action suggests that if price breaks below 0.085, further downside toward 0.083–0.082 is likely.
Trade Setup (SHORT)
Entry: 0.085 – 0.087
Take Profit (TP): 0.083 / 0.082 / 0.077
Stop-Loss (SL): 0.094
Long Setup (Only if bullish reversal appears)
Entry: Above 0.094
TP1: 0.098
TP2: 0.0998
Stop-Loss: 0.085
Market Outlook
KITE is in a strong short-term downtrend with sellers dominating price action. The 0.085–0.086 support zone is critical; a breakdown could accelerate further losses, while a rebound above 0.094 may indicate a potential bullish retracement.
#KITE #SeedCoin #BearishTrend #CryptoTrading #AltcoinAnalysis $KITE
