Guys! $KITE just rejected hard from 0.24 zone after a strong impulsive leg up. That long upper wick + back-to-back red candles suggests short-term distribution.
Structure is still bullish overall (higher highs / higher lows), but this looks like a pullback phase before continuation.
Two scenarios:
If 0.200–0.195 holds → healthy correction → continuation toward 0.26 possible.
If 0.195 breaks cleanly → deeper retrace toward 0.180–0.170 liquidity zone.
KITEUSDT
Διην.
0.22368
+8.61%
Trade Setup (short-term short scalp):
Entry: 0.205 – 0.215
Target 1: 0.195
Target 2: 0.180
Stop Loss: 0.235
Momentum cooled. Let the retrace complete before looking for fresh longs.