$KITE /USDT — Short Setup 📉
Current Context
Price: 0.1554
Strong dump: -11.55%
Near 24h low (0.1550) → weak structure
Clear downtrend momentum across lower timeframes
🔴 Short Bias Plan
Entry Zone:
0.1580 – 0.1620 (pullback / rejection area)
Stop Loss:
0.1685 (above resistance + liquidity zone)
Targets:
TP1: 0.1500
TP2: 0.1450
TP3: 0.1380
📊 Key Levels
Resistance: 0.1635 – 0.1683
Support: 0.1539 → 0.1500
Breakdown continuation likely if 0.1550 cleanly loses
⚠️ Trade Idea
Market already dumped → don’t short the bottom
Wait for bounce + rejection (liquidity grab)
Volume spike on rejection = confirmation
🔥 Summary
Bearish momentum is strong. Best move is short on pullback, not at current lows. If price fails to reclaim 0.160+, continuation down is highly probable.
If you want, I can mark a perfect sniper entry with leverage & risk % for this trade.