KITE has formed a bearish FTR structure, suggesting the possibility of further downside.
We also received confirmation from the trendline on a lower timeframe, which strengthens the setup. Based on the current structure, we expect a minimum risk-to-reward ratio of 2.3.
This short trade is suitable with 5x leverage, but proper risk management is essential.
#KITEUSDT
We also received confirmation from the trendline on a lower timeframe, which strengthens the setup. Based on the current structure, we expect a minimum risk-to-reward ratio of 2.3.
This short trade is suitable with 5x leverage, but proper risk management is essential.
#KITEUSDT
Trade closed manually
#KITE55% profit with 5x leverage — enjoy the gains! 🤑
KITE delivered all three of our targets and has now hit the break-even (free-risk) stop on the remaining position.
#KITEUSDT
KITE
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.