π Gem Coin Setup #3 $KITE π
Pay close attention to the structure printing on the daily chart. We are currently witnessing a textbook angled accumulation phase right on top of a major Support/Resistance (SR) flip.
Here is a golden rule of market structure: Diagonal accumulation is the ultimate pressure cooker. It is almost always followed by aggressive, vertical expansion.
With a confirmed Market Structure Shift (MSS) and buyers stepping in at the order block, this coiled spring is ready to snap higher.
π ACCUMULATION ZONE:- CMP ($0.1824) down to $0.150
π‘ Stoploss:- Below $0.140
π― Short Term Targets:- $0.20 β $0.22
π Mid Term Targets:- $0.25 β $0.30
π Long Term Target:- $0.50
The Play:- Build your position patiently within the accumulation zone. Once this angled base completes its breakout, the markup phase will be rapid. Position yourself before the vertical volume kicks in.
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