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【$KITE Signal】Pullback to go long / Main force clearly protecting the market
$KITE 1H level surge and pullback, current price at 0.1755 just above the 4-hour Bollinger middle band. Buy orders are stacked around 0.1753 with over 20,000 contracts, fully exposing the capital support intention. The 4-hour MACD histogram continues to expand, indicating that bullish momentum is still building.
🎯Direction: Long
⚡Entry/Order: 0.1678 - 0.1689 range for ambush
🛑Stop loss: Below 0.1689
🚀Target 1: 0.1632
🚀Target 2: 0.1609
🛡️Trade management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.1689, exit immediately and observe.
Position size remains stable, no large capital outflows during price decline, clear characteristics of main force protecting the market. The 1-hour RSI around 62 is healthy and retracing, not entering overbought territory, leaving room for another upward move. The current negative funding rate reduces the cost of holding long positions. Coupled with dense buy orders below the order book, this pullback level offers a very favorable risk-reward ratio.
Check real-time market 👇 $KITE
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