【$KITE Signal】Pullback to Long! 1H retraces EMA50 support, 4H uptrend remains intact

$KITE The 1H timeframe is currently retracing the key EMA50 support, with the price stabilizing around 0.215. The 4H timeframe is still in an upward channel; the last candle closed with a long upper shadow, indicating a normal pullback—healthy consolidation rather than trend reversal. Open interest remains stable, with no signs of panic selling; the main players are still in the market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2145 - 0.2160 (Reason: 1H EMA50 support zone + dense area of the previous 1H candle lows )

🛑Stop Loss: 0.2100 (Reason: Break below the 4H previous low support at 0.21115 and psychological level )

🚀Target 1: 0.2225 (Reason: 1H previous high resistance, also the intraday high )

🚀Target 2: 0.2300 (Reason: 4H previous high resistance at 0.23065 )

🛡Trade Management:

- Position Size Suggestion: Light (Reason: Currently in a high-level consolidation on the 4H timeframe, volatility increasing, risk control needed )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.2160. If the price strongly breaks through 0.2225 and stabilizes, the remaining target can be extended to 0.2300.

Deep Logic: Market depth shows very thick buy orders around 0.215, forming a support wall. The 1H RSI(50.85) is in a neutral zone with room for an upward rebound. The 4H RSI(57.25) indicates bullish momentum is still present. Funding rate is only 0.005%, with no overheating risk, making the upward move healthier. Key point: whether the price can form a bullish engulfing or hammer candle above 0.215 on the 1H timeframe to confirm support.

Trade here 👇 $KITE

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