【$KITE Signal】Pullback to Long + 1H Strong Shakeout Stabilizes

$KITE After experiencing significant volatility, the 1H timeframe price has stabilized above the key EMA moving averages, showing a strong shakeout followed by stabilization. The 4H trend is clearly upward, and the daily chart continues to close higher, indicating a solid bullish pattern. Currently, the 1-hour RSI has fallen from overbought territory to a neutral zone, preparing for another upward move. Market depth data shows buy orders far outweigh sell orders, with clear institutional support.

🎯Direction: Long

⚡Entry/Order: 0.2734 - 0.2795

🛑Stop Loss: 0.2650

🚀Target 1: 0.2950

🚀Target 2: 0.3070

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.3070, consider moving some of the remaining position to a trailing stop to capture a larger trend.

Depth Logic: In the past 24 hours, the price has increased by over 25%, but open interest remains stable, indicating this is not just a short squeeze but driven by genuine funds. The 1-hour candlestick experienced a sharp dip overnight, then was quickly pulled back and made a new high, a typical strong shakeout pattern. Buy order depth is imbalanced at 26%, with dense support below and sparse sell orders above, providing excellent liquidity for upward movement. Combined with positive funding rates that are not overheated, and strong support from the 1-hour EMA20, this pullback presents an excellent second entry opportunity.

View real-time market 👇 $KITE

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