
🚨 $KITE FACES A SUPPLY TEST — HERE’S THE SHORT SETUP TRADERS SHOULD WATCH!
KITE is under pressure as the November 3 token-unlock event brings fresh supply concerns into focus. But unlocked tokens do not automatically mean selling. Exchange inflows, spot volume and buyers’ ability to defend support will tell the real story.
The daily trend currently leans bearish, with RSI near 46. Price is trading below major moving averages, while $0.1145 is the key support to watch.
📉 $KITE — CONDITIONAL SHORT SETUP
- Entry Zone: $0.1140–$0.1145
- Stop Loss: $0.1195
- TP1: $0.1090
- TP2: $0.1035
Entry Confirmation: Wait for a 4H candle to close below $0.1145, then look for a weak retest. Do not enter just because the price touches support.
Invalidation: A strong recovery above $0.1195 cancels this short idea.
If buyers absorb the new supply and reclaim resistance, the bearish setup may fail. I would rather wait for confirmation than chase a move.
Would you take this short after confirmation, or wait to see how KITE handles the new supply?
