$KITE /USDT – Bearish Pullback Setup

KITEUSDT recently made a strong impulsive move from the 0.1248 low to a swing high at 0.1581, followed by a sharp rejection. Price is now forming consecutive bearish candles, indicating profit-taking and short-term trend exhaustion. On the 1H timeframe, market structure has shifted bearish after failing to hold above the 0.1500–0.1520 resistance zone. The current price around 0.1437 is retesting a weak support area, and a breakdown below this level could open further downside. Momentum indicators suggest cooling bullish strength, favoring a continuation of the pullback toward deeper support.

Short Entry: 0.1440 – 0.1460

Take Profit 1: 0.1380

Take Profit 2: 0.1320

Stop Loss: 0.1495

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