Title: 📉 $KITE Alert: Bulls Exhausted, Bearish Continuation Likely!
The recent bounce on $KITE is losing steam as buyers fail to maintain higher levels. Sellers are reclaiming control, making this a prime opportunity for a short position.
📊 Short Strategy (Max 10x Leverage):
Entry Range: $0.203 – $0.214
Take Profit 1: $0.191
Take Profit 2: $0.176
Take Profit 3: $0.161
Stop Loss: $0.232
🔍 Market Observation:
Market momentum is turning "heavy" as supply outweighs demand at every rebound. Buyers are hesitating to defend key levels, allowing downside moves to open up more cleanly. If the current selling pressure persists, we expect a swift move toward the lower targets.
Summary: Fade the strength! The flow suggests that the path of least resistance is now firmly to the downside. Stay disciplined with your SL! 🐻
Trade $KITE here 👇