๐ $KGEN Update โ Sideways with a Bearish Edge ๐ป
Right now, $KGEN is stuck in a consolidation zone ๐ค, but the bears still have a subtle edge. Iโd be looking to short on any bounce โฌ๏ธ๐ฅ
Price action setup:
โข Support at 0.1961 USDT has been holding well ๐ก๏ธ
โข Lower highs are stacking up, keeping the bearish vibe alive ๐
โข Resistance at 0.20424 USDT is strong, capping any upside ๐
Volume check:
โข Recent K-lines show sellers pushing hard on the downs ๐๐ฅ
โข Volume is tapering off near support, hinting that the bears might be losing steam โก๐ป
Short Entry Ideas:
โข Bounce short: Enter near 0.203โ0.204 USDT (just below resistance) โฌ๏ธโก
โข Break short: Wait for a clear break below 0.19565 USDT with volume pickup ๐
Stop Loss:
โข ~3โ4% above entry (example: 0.210 if you enter at 0.203) ๐
Targets:
โข First target: 0.1956 USDT ๐ฏ
โข Second target: 0.1916 USDT โฌ๏ธ
๐ก Key takeaway: $KGEN is sideways, but smart traders can capitalize on resistance bounces or support breaks. Keep an eye on volume for the next big move ๐
