Guys….$KITE has printed a strong impulsive move on the 4H timeframe, reaching a new local high at $0.2752 and currently holding around $0.262–$0.263.
Technically, the structure is bullish:
• Clear sequence of higher highs and higher lows
• Strong expansion candle breaking prior resistance
• Price trading near the upper Bollinger Band, indicating momentum strength
• Increasing volume supporting the breakout
The key level to monitor is the $0.245–$0.250 zone. As long as price holds above this area, short-term bullish structure remains intact.
Upside levels to watch:
TP1: $0.275 (recent high retest)
TP2: $0.300 (psychological + breakout continuation level)
Extended target: $0.320 if momentum accelerates
Risk level:
Invalidation below $0.238 would weaken the current bullish structure and open room for a deeper pullback.
At this stage, the setup favors continuation as long as higher lows continue forming. Healthy pullbacks toward support may offer better risk-reward entries rather than chasing vertical candles.
#KITE #CryptoAnalysis #TradeCryptosOnX #StrategyBTCPurchase
