$KITE Signal】Long - 1H strong consolidation, building momentum to challenge previous high



$KITE The 1H timeframe entered a strong sideways consolidation after yesterday's sharp rise, with price staying close above EMA20 (0.2455), resisting deep pullbacks. The 4H timeframe has stabilized above all moving averages, with EMA20 (0.2404) and EMA50 (0.2273) forming a strong support zone, indicating the uptrend remains intact. Currently, the 1H RSI (63.96) is healthy, buy-side depth (bid_ask_ratio_depth: 0.52) is dominant, showing bullish control.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2540 - 0.2560 (Reason: 1H EMA20 support zone and current consolidation platform lower boundary)

🛑Stop Loss: 0.2480 (Reason: Break below the 1H consolidation low and previous 1H candle low)

🚀Target 1: 0.2650 (Reason: Resistance near previous high of 0.2597, first target after breakthrough)

🚀Target 2: 0.2750 (Reason: Based on recent rally's 1.382 Fibonacci extension level)

🛡️Trade Management:

- Position Size: Light (Reason: Hot Coin volatility is extremely high, up nearly 20% intraday, need to prevent profit-taking reversal)

- Execution Strategy: After entering, if price smoothly pushes through 0.2650, reduce position by 50% and move stop-loss to entry price. Remaining position aims for second target; if price retraces and falls below entry average, exit unconditionally.

Deep Logic: In the past 24 hours, a 19.62% increase, but open interest (OI) remains stable, indicating not just short covering, possibly new funds are entering. The latest 1-hour candle shows buy volume at 58%, active buying returning. Order book shows sell orders stacked above 0.2566; breaking this level will trigger stop-loss on shorts and accelerate upward movement. Combining the 4H uptrend with the 1H strong consolidation, this is a classic "air refueling" pattern, with high potential for a second upward push after gathering strength.

View real-time market 👇 $KITE

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