$KITE is currently at $0.0918. 📉 Following its Binance listing, the price surged to $0.1239 but has since experienced a sharp decline, dropping 26% in just a few days. The uptrend line is broken, and sellers are dominating with heavy volume on red candles.

The chart has reverted to a downtrend channel, indicating the initial post-listing pump is over. Early investors and Launchpool participants are actively taking profits. If $KITE fails to reclaim $0.095 soon, further downside is likely.

Potential downside targets include $0.088, then $0.085, or even $0.080 in the coming day or two. This reflects significant selling pressure.

**Short Trade Setup:**
Entry: $0.092 – $0.094
TP 1: $0.089
TP 2: $0.086
TP 3: $0.082
SL: $0.098

Exercise extreme caution and use small position sizes. Always set your Stop Loss to manage risk effectively. While crypto markets are inherently volatile, current indicators suggest bearish sentiment remains strong. 🐻‍❄️

#KITE #Binance #kite $KITE @GoKiteAI