Latest Price Context KITE
$KITE is currently trading near ~$0.19 with strong recent volume and active interest. �
Price recently broke above short-term consolidation and is showing relative strength vs broader weakness. �
📊 Daily Trade Setup Chart
🎯 Breakout Trade Plan (Swing)
🟢 Bullish Entry
Entry: On a daily candle close above ~$0.185–0.188 (short-term key resistance).
Stop-Loss: ~$0.165 — below the important support level identified by volume and consolidation history.
Target 1: ~$0.210–0.220 — previous local highs & overhead supply zone.
Target 2: ~$0.245+ — extended breakout if strong momentum continues.
📌 Logic: Price holding above the recent support (~$0.165) shows confirmed demand. A clean breakout above resistance with confirming volume keeps the trend upward. �
🔴 Alternative Bearish / Correction Setup
Entry (Short): If price rejects near ~$0.190–0.195 and closes back below resistance.
Stop-Loss: Above $0.200–0.205 — invalidates the short signal.
Target: ~$0.165 — consolidation base.
📌 Logic: If buyers fail at resistance, sellers may push price back into the range. Watch for bearish candlesticks + rising RSI sell signal before entering shorts.
📈 Indicator Signals to Confirm
✔ Volume strength: Sustained volume above $80M correlates with breakout continuation. �
✔ Support holds at $0.165: Key pivot for bullish structure. �
✔ RSI direction: If RSI rebounds from midline and turns up, bull setup is stronger.
📋 Risk-Reward Example (Simple Table)
Setup
Entry
SL
Bull Breakout
~0.188
0.165
0.210
0.245
Bear Rejection
~0.190
0.205
0.175
0.165
Risk-reward depends on your size & timeframe.$KITE
