$KITE Trading Analysis
Market Structure:
$KITE : After a sharp downtrend, momentum is weakening and price is stabilizing near key support. Early signs of accumulation suggest a potential reversal phase.
Price Action:
Strong reaction from the 0.1550 zone with higher lows beginning to form. Price is consolidating under resistance, indicating buildup for a breakout move.
Trade Setup (Long):
Entry Zone: 0.1580 - 0.1610
Targets:
• 0.1700
• 0.1760
• 0.1810
Stop Loss:
0.1540
Holding above 0.1550 keeps the bullish setup intact. A breakout above 0.1650 can trigger strong upside continuation.
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BTCUSDT
Perp
67,638.7
+1.51%
KITEUSDT
Perp
0.15697
-1.64%