KITE has finalized a Head and Shoulders pattern, signaling a definitive trend reversal from bullish to bearish. With the neckline broken, the market structure is now heavily skewed toward the bears as bulls show visible exhaustion at resistance zones. A Short strategy around 0.175 USD with a target of 0.08 USD represents an attractive Risk-to-Reward setup. Investors must adhere to the stop-loss above the neckline for optimal risk management during this volatile cycle as technical barriers are neutralized.

this is not investment advice, DYOR $KITE #Colecolen

KITE
KITEUSDT
0.16084
-5.52%