$KITE — Short Trade Update 🧨
$KITE short is moving exceptionally well and currently sitting in healthy profit.
📉 Setup Recap
Short was initiated at 0.20889 after a clean rejection from the upper supply zone — sellers stepped in and forced a directional shift lower.
🔥 Current Status
Price is now trading near 0.20638, which puts this trade at approximately +30% profit on 25x leverage — a powerful downside move with sellers clearly in control.
🎯 Trade Management (Pro Decision)
With the move well underway and momentum bearish, stop-loss has now been trailed up to the entry (0.20889) — securing the trade and eliminating risk entirely. This is textbook risk management: turning a live trade into a risk-free position.
📌 Targets & Profit Zones
Partial profit zone: ~0.2055 — book some size here to lock in gains.
Next major level: ~0.2000 — if the selling pressure persists, this becomes the extended target.
🧠 Pro Tips ✔ Lock risk once the move proves itself — no pride, just process.
✔ Scale out into strength and add only on confirmed continuation.
✔ Watch for volume expansion near 0.2000 — that level tends to trigger algorithmic support.
Plan:
Trail SL → Book partial → Let winners run → Reassess into key demand levels.
🌟 Pro Trading Tips (General, Always Apply)
✅ Risk Management First
Always protect capital — once a trade is profitable, shift your stop into breakeven or better.
✅ Multiple Targets
Stagger exits — don’t take all profits at one point. This smooths out volatility and secures gains.
✅ Price Action Rules
Let the structure guide you — lower lows and lower highs confirm trend continuation.
✅ Volume Confirmation
A breakout with conviction often shows rising volume. If price moves without volume, be cautious.