⚠️ $KITE /USDT Bearish Warning — Distribution Risk Increasing
$KITE is showing multiple warning signs after an aggressive rally, with price now extended deep into overbought territory. Rapid vertical moves without healthy consolidation often lead to profit-taking and corrective pullbacks.
📊 Market Observations:
• Momentum indicators stretched to extreme levels
• Volume declining while price remains elevated
• Rejection wicks appearing near resistance
• Lower timeframes showing weakening strength
• Elevated probability of distribution phase
🐻 Bearish Scenario:
If key support zones begin to fail, selling pressure could accelerate as trapped late buyers exit positions. This type of structure often leads to fast corrective moves following exhaustion rallies.
🎯 Key Levels to Watch:
Resistance: 0.270 – 0.285
Support 1: 0.255
Support 2: 0.240
Major Support: 0.220
⚠️ Risk Management Insight:
When price becomes extended and volume weakens, chasing becomes high risk. Smart traders focus on protecting capital and waiting for confirmation rather than entering late into overextended moves.
Patience protects profits. Let structure reset before considering new positions. 📉
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