🚨 $KGEN — The Trap Is Set 🚨
$KGEN just surged into the $0.30 zone, and this is exactly where rallies go to die. Late longs are piling in… while smarter players are quietly handing off bags. Price is way extended above EMA7/EMA30, RSI is screaming exhaustion, and momentum is starting to leak.
This isn’t strength — it’s distribution.
📉 SHORT IDEA
🔻 Sell Zone: 0.296 – 0.306
🎯 Downside Levels:
→ 0.285
→ 0.268
→ 0.245
🛑 Invalidation: 0.329
🧠 Why This Zone Matters:
• Parabolic push away from EMAs = snapback risk
• RSI overheated → buyers losing control
• Any upper wicks / weak volume on 15m–1h = rejection signal
• Market structure favors a pullback to 0.28–0.26 before anything else
⚠️ Read This Carefully:
As long as $KGEN fails to reclaim and hold above 0.33, this move looks like a classic bull trap. Fade the euphoria, respect your stop, and let mean reversion do the work.
💥 Sell the excitement. Trade the reaction.
#KGEN #CryptoSetups #ShortThePump #MeanReversion #AltcoinTrading 📉⚡