$KITE /USDT SHORT TRADE SETUP 📉 (PERP)
$KITE is currently trading at 0.11801, showing a strong short-term bearish reversal after failing to sustain the high of $0.12363. The price is breaking down key support levels, indicating that short-term selling pressure has taken over. This suggests a potential move to retest the recent consolidation lows.
Entry Zone: Enter around the current price zone of 0.11800 - 0.11950 (Wait for a confirmed 15m candle close below the 0.11800 level for safer entry).
🎯 Target Points
TP1: 0.11500 (Previous strong support zone)
TP2: 0.11320 (To retest the starting point of the recent surge)
TP3: 0.11100 (Below the 24h low, aiming for a full retracement)
🛑 Stop Loss
Set stop loss above 0.12200 to protect against a reversal and a move back toward the daily high.
Trade the short-term pullback on $KITE
here!
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