$KITE is hitting a major overhead supply zone at its all-time high and the momentum is fading—sellers are starting to absorb the rally, so open your short trades for a crash to $0.18
💰 Entry: 0.27 — 0.275
🎯 TP1 : 0.24
🎯 TP2 : 0.21
🎯 TP3 : 0.18
🛑 SL : 0.30
I have analyzed the current market structure and $KITE is showing clear signs of a "Blow-off Top" after tapping its peak at $0.2706. I am 100% confirmed on this short because the RSI is currently in deep overbought territory (above 70) on multiple timeframes, and the 24-hour trading volume is beginning to decline despite the price being at highs. Historically, such parabolic moves without healthy consolidation lead to a sharp 20-30% correction, and with the "Extreme Fear" (Index: 9) in the broader market, investors are likely to secure profits here. If the $0.265 support fails, a rapid cascade toward the $0.18-$0.20 liquidity pocket is mathematically probable.