$KITE is showing explosive momentum on the 1H chart, printing a sharp breakout from the 0.203 zone and rallying toward 0.244 with strong volume expansion.
Market insight suggests aggressive buyer dominance as volume MA(5) overtakes MA(10), confirming fresh participation.
The impulsive candle structure reflects short covering combined with breakout traders stepping in.
Immediate support now rests near 0.228–0.230, which previously acted as intraday resistance.
Trade plan favors pullback entries around 0.232–0.235 with controlled risk below 0.224.
Momentum continuation could drive price toward TG1 0.250, followed by TG2 0.262.
If volatility sustains and volume remains elevated, TG3 stands near 0.278 as an extended breakout target.
Caution remains on rejection wicks near 0.244, as failure to hold above 0.230 may trigger quick profit-taking pressure.