$KITE KITE: Overextended at All-Time Highs? đ
Kite AI (KITE) has been on a parabolic tear, hitting a new all-time high of $0.209 recently. However, with the RSI entering deep overbought territory on 4-hour charts and a slight 22% drop in daily volume, the momentum is showing signs of exhaustion. A "short" play relies on a rejection at the $0.21 ceiling.
Short Setup: The "ATH Rejection"
COIN ; $KITE

KITE
0.2212
+6.19%
Entry Zone: $0.2010 â $0.2050
Stop-Loss: $0.2140
Target 1 (Take Profit): $0.1850
Target 2 (Take Profit): $0.1680
Risk/Reward Ratio: ~1:3
â ïž Trader's Warning: KITE is an AI-sector leader. Institutional news or mainnet updates can cause a "short squeeze" (forcing prices higher). Keep your stop-loss tight!
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