【$KITE Signal】Long | 1H timeframe strong breakout, funds continue to flow in

$KITE The 1H timeframe just broke above the previous high of 0.28133 with increased volume, creating a new high of 0.28944, momentum is strong. The 4H timeframe has closed positive for several consecutive periods, forming a clear upward trend, and open interest remains stable, indicating that funds have not exited. The current price is strongly above the 1H EMA20 (0.2664), RSI is high but not overbought, still with upward momentum.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2830 - 0.2855 (Reason: Support at previous high and current consolidation platform )

🛑Stop Loss: 0.2745 (Reason: Break below the 1H previous low and EMA50 support )

🚀Target 1: 0.2950 (Reason: Psychological resistance at round number )

🚀Target 2: 0.3050 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light (Reason: RSI is already high, increasing risk of chasing the top, but trend is clear )

- Execution strategy: After price reaches 0.2950, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.2830. If the price cannot hold above 0.2850 and falls back, consider exiting early.

Deep logic: In the past 24 hours, the increase has exceeded 20%, but open interest (OI) remains stable, indicating that the move is not solely driven by short covering, possibly new long funds are entering. The bid-ask depth at 1H (bid_ask_ratio_depth=1.62) shows strong support below. Market logic suggests upward price movement, combined with stable OI, indicating main force support or new funds entering. The 1H RSI is at 76.19, in a strong zone but not overbought, leaving room for short-term play.

View real-time quotes 👇 $KITE

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