【$KITE Signal】Pullback to Long! 1H retesting EMA20 for support, negative funding rate ongoing for short squeeze

$KITE The 1H timeframe is consolidating strongly after breaking out, with prices staying close above EMA20, refusing deep retracement. The 4H timeframe has formed three consecutive bullish candles, clearly indicating an upward trend, currently in a healthy consolidation phase after breakout. Market depth shows strong buy orders, negative funding rates persist, and shorts are paying high costs, making the short squeeze logic still valid.

🎯Direction: Long

⚡Entry/Order: 0.2734 - 0.2795

🛑Stop Loss: 0.2650

🚀Target 1: 0.3000

🚀Target 2: 0.3150

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price fails to break through the previous high resistance at 0.2950 and falls back into the lower part of the entry zone, consider exiting early and observing.

(Depth Logic: The 1H RSI is around 62, with healthy momentum and no overbought signals. Open interest remains stable, and the price is rising without a decline in OI, indicating that the move is not solely driven by short covering but also new long funds entering. Key support is at the upper boundary of the rising channel formed by 1H EMA20 (0.279) and 4H EMA50 (0.257). The current entry zone is an excellent dip-buying point at this support. The negative funding environment persists, putting immense pressure on shorts, and every retest is an opportunity for the main players to accumulate and squeeze the shorts. )

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