KITE / Kite Token – Short Setup
$KITE is showing a sell-the-rally setup as price breaks down from the local top, loses EMA support, and compresses below EMA25/99. This indicates distribution after a failed continuation from 0.195.
Trade Plan
• Bias: SHORT
• Entry: 0.172 – 0.176
• Stop-Loss: 0.182
• Target 1: 0.166
• Target 2: 0.160
• Target 3: 0.155
Downside continuation is favored as long as price remains capped below 0.182. Acceptance above this level shifts the bias neutral.
Start the trade here 👇
KITEUSDT
Perp
0.17208
-9.60%