📉 $KITE USDT SHORT Trade: PROFIT-TAKING PLAY 📉
$KITE is showing signs of exhaustion after a parabolic rally to its ATH. We are seeing a rejection at key resistance levels with a shift toward bearish momentum as short-term traders begin to lock in gains.
Direction: SHORT 🔴 Let's Earn Together 🤝 👇 @Mishukm 🏧🏦🆓
Leverage: Cross 25x
Entry Price: 0.2224500 (Current Trade ✅)
🎯 Take Profit (TP) Targets:
TP 1: 0.2050000 (Psychological support & initial target)
TP 2: 0.1950000 (Recent correction low)
TP 3: 0.1800000 (Major structural support zone)
🛡️ Risk Management:
Stop Loss (SL): 0.2350000 (Placed above the recent swing highs to protect capital)
Trader Note: Since this position is already deeply in profit, it is recommended to move your Stop Loss to Entry (0.22245) or even lower to lock in a guaranteed win. Watch the $0.216 level closely; a breakdown here could accelerate the move to TP2.
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