$KITE

KITE

0.2188

+16.94%

– Short Setup

The recent bounce in $KITE is showing signs of exhaustion, with follow-through weakening and sellers beginning to reassert control.

Trade Plan

Leverage: 5x – 10x

Entry Zone: 0.198 – 0.210

Stop Loss: 0.228

Take Profit 1: 0.185

Take Profit 2: 0.170

Take Profit 3: 0.155

Upside attempts are failing to sustain momentum, and buyers appear increasingly reluctant to defend pullbacks. Rallies are being consistently sold into, while downside moves are developing with cleaner continuation. Order flow remains supply-heavy, suggesting further downside is favored as long as sellers remain active.

Bias: Bearish below 0.228.