【$KITE Signal】Long | 1H Strong Consolidation, Preparing for a Second Surge

$KITE The 1H timeframe shows strong sideways movement after a sharp rally, with prices staying close above EMA20(0.2255), rejecting deep retracement. The 4H timeframe features a volume-driven long bullish candle establishing an upward trend, and current consolidation with decreasing volume is a typical bullish accumulation pattern. Market depth indicates selling pressure concentrated above 0.2410; a breakout could trigger short covering.

🎯Direction: Long (Long)

🎯Entry/Order Placement: Enter around the current price of 0.2409, or chase longs after breaking above 0.2415 (Reason: Steady above 1H EMA20 support, breaking through the upper boundary of the 1H consolidation zone)

🛑Stop Loss: 0.2340 (Reason: Break below the previous low support on the 1H timeframe and EMA50 dynamic support)

🚀Target 1: 0.2480 (Reason: Previous high resistance level, also the top of the 4H large bullish candle)

🚀Target 2: 0.2550 (Reason: 1.5 times ATR-based volatility extension level)

🛡️Trade Management:

- Position Size Recommendation: Light (Reason: Daily gains are significant, volatility is extremely high)

- Execution Strategy: After reaching Target 1 at 0.2480, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.2409. If the price fails to hold above 0.2415 and falls below 0.2390, consider exiting early and observing.

Deep Logic: A single massive bullish candle on the 4H chart (volume 1.83 billion) directly reverses the downward trend, signaling clear entry of major funds. Although OI trend appears stable, the price maintaining high sideways movement after the rally indicates absorption of selling pressure. The 1H RSI at 70.08 is in a strong zone but not overbought, leaving room for further upside. Market depth imbalance at -53.09%, with sparse sell orders and weak resistance above, makes it easy for buy orders to break through. Combined with positive funding rates, market sentiment is bullish but not overheated, suitable for short-term trading of a secondary pulse.

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