This is where the market starts getting interesting.
KITE is around 0.11873 with a market capitalization near 81.57 billion PKR and a sharp 24 hour decline of about 7.5 percent.
Large red moves can create fear, but they can also create opportunities if the selling pressure begins exhausting itself and buyers step in around major support.
The first zone I am watching is 0.1120 to 0.1180. I want to see whether this area attracts real buying volume. A strong reaction from support combined with increasing volume would be an important sign that the market is absorbing the sellers.
I would also watch for larger wallet activity. If significant buying appears while price remains near support, the risk reward picture can change quickly.
EP
0.1130 to 0.1190
TP
0.1350
0.1500
0.1700
SL
0.1050
KITE is higher risk than the quieter setups because the recent decline is much stronger.
But volatility is exactly what can make the next move powerful if buyers regain control.
I am ready for the move.
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