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Everyone is looking for the next leg up but $KITE looks like it's fighting for its life right here.
The uptrend was clean for a while but that rejection at 0.30 was a reality check. We've just printed a lower high and now we’re sitting on a very thin line. Price is hanging around 0.23 and if this support area fails we are likely headed straight back to the 0.17 zone to retest the previous breakout level.
Volume is thinning out which usually means a big move is cooking. I’m seeing some buying pressure on the lower wicks but it's not enough to call it a reversal yet.
I'm staying patient. If it flips 0.26 back to support then I'm interested. Until then it's just a lot of sideways noise.
#USIranTensionsImpactMarkets