【$KITE Signal】Pullback to buy! 1H retraces to EMA20 support, 4H uptrend remains intact

$KITE On the 1H timeframe, after yesterday's sharp surge, the price is currently consolidating strongly near the key EMA20 (0.2162). On the 4H chart, the price remains firmly above EMA20 (0.2063), and the upward structure is intact. The current price is oscillating narrowly around 0.220, with bid-ask depth ratio (bid_ask_ratio_depth: 0.90) showing strong support below. This is a typical strong pullback accumulation pattern, waiting for the next pulse.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2180 - 0.2195 (Reason: 1H EMA20 dynamic support zone, also a recent minor bottom )

🛑Stop Loss: 0.2110 (Reason: Break below the previous 4H candle low of 0.21115 and EMA20 support, invalidating bullish structure )

🚀Target 1: 0.2305 (Reason: Previous high resistance, also yesterday's high area )

🚀Target 2: 0.2450 (Reason: Based on the recent rally's 1.618 Fibonacci extension level )

🛡Trade Management:

- Position size suggestion: Light (Reason: Hot coins are highly volatile, and currently in a pullback game, risk control is necessary )

- Execution strategy: After reaching Target 1, reduce position by 50%, and move the remaining stop loss to the entry price (break-even). If the price fails to break above 0.2305 and turns downward, exit all positions.

Depth logic: Over the past 24 hours, the increase has exceeded 15%, but open interest (OI) remains stable, indicating it's not purely FOMO-driven. The 1H RSI (55.70) is in a healthy zone, leaving room for further upward movement. The order book shows sell orders (asks) stacking above 0.2202, but buy orders (bids) below 0.2200 are very dense, forming a short-term support wall. Market logic suggests upward movement, combined with stable OI, indicating main force support or new funds entering, rather than purely short-squeeze.

Trade here 👇 $KITE

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