#Direction: SHORT 🔴 (On Retest/Bounce)
Mode: Cross / Isolated (5x - 10x Leverage)
$KITE is currently in a freefall, but entering a short at the very bottom of a candle is risky. We are looking for a "Dead Cat Bounce" to entry.
📍 Entry Zone: $0.2120 – $0.2180
(Wait for a minor pullback to this area to maximize R:R. Do not FOMO short at $0.207)
🎯 Take Profit Targets:
$0.1980 (Local Support)
$0.1850 (Major Psychological Level)
$0.1650 (Final Liquidity Target)
🛡️ Stop Loss:
$0.2310 (1H candle close above the recent lower high)
💡 Pro-Tip for Traders:
The OBV (On-Balance Volume) is trending down sharply, confirming that big players are exiting their positions. However, since the RSI is in the "Extreme Oversold" zone, keep your position size moderate. If the price fails to bounce and breaks $0.2040 with high volume, the dump to $0.18 will be rapid.
Risk Management: Only risk 2-3% of your total wallet on this trade.
