【$KITE Signal】Long - 1H pullback confirmation, main force clearly intends to support the price

$KITE The 1H timeframe is consolidating strongly above the EMA20 (0.2534), while the 4H timeframe has stabilized above the EMA20 (0.2438) and is moving along the upward channel. The current price is oscillating near 0.2577 with narrow range, and the order book shows significantly deeper buy orders than sell orders (depth imbalance 49.59%), with open interest remaining stable, indicating that the main funds have not exited. This is a typical strong consolidation pattern, building momentum for the next rally.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2560 - 0.2575 (Reason: Pullback to 1H EMA20 support zone and current dense trading area )

🛑Stop Loss: 0.2480 (Reason: Break below the 4H EMA20 key support and the previous 4H candle low )

🚀Target 1: 0.2680 (Reason: Previous high resistance level, also a recent 1H high )

🚀Target 2: 0.2750 (Reason: 1.382 Fibonacci extension based on recent high-volatility range )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 1H and 4H trends are resonating upward, with strong order book support )

- Execution strategy: When price reaches 0.2680, take profit on 50% of the position, and move the stop loss of the remaining position to the entry price. If the price strongly breaks through 0.2680 and stabilizes, the second target can be set at 0.2750.

Depth logic: Although the 1H RSI (58.49) is in a neutral to slightly strong zone, the 4H RSI (58.10) still shows upward momentum. The key signal is in the order book depth, with buy orders far exceeding sell orders (buy/sell ratio 2.97), indicating strong willingness to support lower prices. Coupled with market logic indicating “price rising, consider position size,” and with open interest stable, this rules out short squeeze scenarios. It appears to be a proactive support and accumulation behavior by the main force after a price rally, preparing for a breakout.

View real-time market 👇 $KITE

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