Smart money is accumulating $KITE as fear grips the crowd.
$KITE - LONG
Trade Plan:
Entry: 0.27487 – 0.28015
SL: 0.26168
TP1: 0.29334
TP2: 0.29861
TP3: 0.30917
Why this setup?
Downside momentum on KITE appears spent, with bids defending the higher timeframe demand zone. The structure remains solid around 0.27751, establishing a series of higher lows.
A close below 0.26168 is needed to negate the bullish bias. The likely path is upward, with short covering poised to fuel a rally into the overhead supply.
Debate:
Do you see this KITE price action as a genuine reversal?
Trade here 👇
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KITEUSDT
Perp
0.16052
+0.01%