$KITE | Pullback Stabilizing at Demand Zone
Following a controlled decline from recent highs, selling pressure appears to be easing as price forms a base near the 0.136–0.138 demand area. This suggests the move may be corrective, with buyers beginning to absorb supply. A hold above this zone could lead to a relief rally toward prior range highs.
Entry Zone: 0.1380 – 0.1410
Stop Loss: 0.1350 (below support)
Take Profit Targets: 0.1460 / 0.1510 / 0.1580
Key Levels:
· Demand / Support Zone: 0.1360 – 0.1380
· Relief Targets: 0.1460, 0.1510, 0.1580
· Invalidation: Break below 0.1350
Strategy: Consider long positions on a confirmed hold within the entry zone, targeting a move back toward the range highs. The setup is invalidated if support fails to hold.
KITE
0.1457
+1.95%