🚨 $KITE Clear Downtrend but oversold
The primary trend is clearly bearish (price below key MAs, negative 24h change). However, several short-term 1h indicators (MACD histogram, KDJ crossover, price at BOLL lower band, positive short-term contract inflows) are flashing oversold/bounce signals. This creates a conflict between the dominant trend and a potential short-term corrective move.
Entry short $KITE : Wait for a failed bounce toward 0.1620- 0.1635 area
Stop-Loss:
For Short Entry: above 0.167 next resistance
Target Price $KITE : 0.155-0.152 recent low day