⚠️ $KITE /USDT SHORT-TERM BEARISH — PULLBACK LIKELY BEFORE NEXT LEG
$KITE /USDT is showing signs of short-term weakness after a 16% rally, failing to sustain above 0.2478. Price is hovering at MA(7) and MA(25), while MA(99) remains supportive at 0.2173. The pair is compressing near highs, indicating buyers are losing short-term momentum. A break below 0.238 could trigger a corrective dip toward support levels.
📊 Trade Setup
Entry Zone (Short Bias):
0.238 – 0.241 (rejection area)
Take Profits:
TP1: 0.231
TP2: 0.222
TP3: 0.213
Stop Loss:
0.248 (above 24h high)
📈 Market Outlook
Trend: Bullish on higher timeframe, short-term pullback forming
Momentum: Weakening near highs
Key Support: 0.231 → 0.222
Key Resistance: 0.2478 → 0.2499
Holding above 0.238 keeps minor bullish bias alive. Breaking below 0.231 may trigger a deeper retracement toward 0.22.
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