$KITE / Kite Token — Sell the Rally Setup 🔻

$KITE has broken down from the local top and failed to hold EMA support. Price is now compressing below EMA25 & EMA99, which typically signals distribution after a failed continuation from the 0.195 region. Momentum favors sellers on rallies.

Bias: SHORT

Trade Plan:

🔻 Entry: 0.172 – 0.176

🛑 Stop-Loss: 0.182

🎯 Targets:

• TP1: 0.166

• TP2: 0.160

• TP3: 0.155

As long as price remains capped below 0.182, downside continuation toward prior demand is favored.

A clean acceptance above 0.182 invalidates the fade and shifts bias to neutral.

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