【$KITE Signal】Bullish rebound with strong support, 1H level accumulates strength for another push

$KITE The 4H timeframe is in a strong upward channel, currently consolidating at a high level near yesterday’s large bullish candle top area. Although there is no data on the 1H timeframe, from the 4H candlestick, the price is above the EMA20 (0.2064), and the latest 4H candle closes near the previous high of 0.221, indicating strong bullish support. The order book depth shows selling pressure concentrated at 0.2212-0.2213; a breakout above this range could open up space.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2200 - 0.2210 (Reason: Rebound to the top of the 4H bullish candle and EMA20 support band )

🛑Stop Loss: 0.2140 (Reason: Break below the previous 4H candle low of 0.21576 and ATR lower band )

🚀Target 1: 0.2305 (Reason: Resistance at previous high 0.23065 )

🚀Target 2: 0.2400 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Price is at a relatively high level with volatile swings )

- Execution strategy: After reaching 0.2305, reduce position by 50% and move stop loss to entry price. Hold remaining position for the second target; if the price falls back to the entry area, exit unconditionally.

Depth logic: Open interest (OI) remains stable and does not decline with consolidation, indicating that bullish positions are not being liquidated on a large scale. The funding rate of 0.005% is positive but not high, posing no excessive leverage risk. The order book imbalance of -19.09% shows slightly thicker sell orders, but a large number of buy orders are stacked below 0.2210, forming a support wall. Combining market logic indicating ‘price rising, consider open interest,’ the current stable OI supports the view of ‘main force entering’ rather than ‘shorts crushing,’ making the pullback an opportunity.

Trade here 👇 $KITE

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包