$KITE Alert: Bearish Breakdown in Progress!
The AI rally is hitting a wall. $KITE is showing a classic "Weakness at the Peak" structure on the 4H timeframe. Despite the recent mainnet roadmap hype, the heavy selling pressure on Binance—where 50% of the liquidity resides—suggests that the local top is in.
🔍 Why the Bears are Winning:
Institutional Sell-Off: The Taker Buy/Sell ratio has plummeted to 0.61, indicating that major sellers are overwhelming the remaining buyers.
Resistance Rejection: After a failed attempt to hold above $0.28, KITE has printed a series of lower highs. The $0.2450 level has now flipped into a strong supply ceiling.
Extreme Fear Environment: With the broader market in "Extreme Fear," speculative AI tokens like $KITE are the first to be de-risked by whales.
📉 The Trade Plan (Short):
Entry Zone: 0.2100 – 0.2250 (Sell into the relief bounces)
Stop Loss (SL): 0.2450 🛡️ (Invalidation above the recent distribution peak)
🎯 Take-Profit Targets:
Target 1: 0.1800 (Key Support Level)
Target 2: 0.1500 (Mid-Range Liquidity)
Target 3: 0.1200 (Major Structural Floor)
Target 4: 0.0900 (Full Cycle Retracement)
💡 Pro Trader Tip: KITE is currently high-volatility. If we hit Target 1, immediately move your SL to entry. The move from $0.18 to $0.15 could be very fast once the 1H support trendline snaps.
