$KITE /USDT

Price has retested the strong resistance zone (0.2470 – 0.2500) and is showing clear rejection from the top. After a liquidity sweep above resistance, a downside correction is likely.

Entry Zone: 0.2420 – 0.2460

Stop Loss: 0.2520 (Above resistance)

TP1: 0.2350

TP2: 0.2280

TP3: 0.2200

Analysis:

Multiple rejections from the resistance zone indicate selling pressure. If we get a strong candle close below 0.2400, bearish momentum could increase further. Volume is also weakening near resistance.

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