$KITE USDT is showing signs of exhaustion after a strong impulsive rally into the 0.2880–0.2890 resistance zone. Price formed a sharp vertical push followed by immediate rejection wicks on the 15m timeframe, indicating sellers stepping in at the top. The latest candles are printing lower highs with increasing bearish pressure, suggesting a short-term distribution phase.
After the breakout, price failed to hold above 0.2850 and is now slipping back below the local support area. This shift in momentum favors a pullback toward previous consolidation levels.
Trade Setup:
Short Entry: 0.2820 – 0.2840
TP1: 0.2780
TP2: 0.2745
TP3: 0.2700
SL: 0.2895
A clean breakdown below 0.2800 should accelerate downside momentum toward lower support zones.
Short Outlook:
As long as price remains below 0.2890 resistance, bearish pressure is likely to continue. A strong reclaim and close above 0.2900 would invalidate this short setup and shift momentum back to bulls.
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