$KITE — Recovery Rally Testing Breakout Zone, Expansion Loading...
Long $KITE
• Entry: 0.182 – 0.198
• Stop Loss: 0.168
Targets:
• TP1: 0.218
• TP2: 0.250
• TP3: 0.295
$KITE is showing strong recovery momentum after defending its recent swing low and reclaiming short-term structure. Price is now pressing against a key breakout resistance zone, suggesting accumulation before potential expansion.
The corrective pullbacks are shallow and controlled — a sign that sellers are losing momentum while buyers continue stepping in on dips. Higher lows forming on lower timeframes support the bullish continuation thesis.
A decisive breakout and sustained hold above 0.215 with volume expansion could open the path toward the 0.245 liquidity pocket, with potential extension into the 0.290–0.300 supply region if momentum accelerates.
The bullish bias remains valid as long as price holds above the 0.170 structural invalidation level. A breakdown below would weaken the recovery structure.
Watch for strong volume on breakout confirmation.
Trade KITE here 👇
