The rebound quickly lost momentum after hitting the key resistance, with sellers decisively stepping in to push the price below the critical moving averages. Although indicators show oversold conditions, the continued outflow of funds and the volume-driven decline indicate that market sentiment remains fragile. Any upward attempt could be seen as a better shorting opportunity; as long as the pressure persists, the downside potential remains open.
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Any rebound in $KITE appears weak, with sellers suppressing the price at a key resistance level.
Go short on $KITE now
Entry: 0.1628 – 0.1635
Stop Loss: 0.1650
First Target: 0.1605
Second Target: 0.1505
Third Target: 0.1445
The rebound quickly lost momentum after hitting the key resistance, with sellers decisively stepping in to push the price below the critical moving averages. Although indicators show oversold conditions, the continued outflow of funds and the volume-driven decline indicate that market sentiment remains fragile. Any upward attempt could be seen as a better shorting opportunity; as long as the pressure persists, the downside potential remains open.
The trading opportunity in $KITE is here 👇