$KITE
Long liquidations around $0.156 indicate buyers chased breakout attempts that lacked volume confirmation. Price has returned below resistance, signaling a false expansion and transition into corrective structure.
Market structure now shows compression below supply, typically leading to another downside liquidity sweep.
EP: $0.154 – $0.158
TP1: $0.148
TP2: $0.141
TP3: $0.134
SL: $0.165
Trend strength favors sellers as rejection confirms overhead supply control.
Momentum remains negative with declining follow-through after liquidation events.
Price is likely to rotate lower to fill imbalance zones and collect resting liquidity.
KITE
0.1618
-6.36%
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