$KGEN — BEARS IN CONTROL, BREAKDOWN RISK IMMINENT
$KGEN is trading below its short- and mid-term moving averages, signaling sustained selling pressure. With price failing to reclaim the 0.205–0.210 supply zone and momentum staying weak, the path of least resistance points lower. Unless bulls step in fast, a continuation toward lower supports is likely.
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TRADE SETUP (SHORT-BIASED)
Entry Zone:
Primary: 0.200 – 0.205 (rejection zone)
Aggressive: Break & hold below 0.195
Take Profits:
TP1: 0.193
TP2: 0.175
TP3: 0.160
Stop Loss:
0.215 (clean invalidation above resistance)
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SHORT MARKET OUTLOOK
Momentum: Bearish, failing to sustain bounces
Trend: Below MA(7) & MA(25); MA(99) far overhead = heavy macro resistance
Key Resistance: 0.205 → 0.212
Key Support: 0.193, then 0.175
A reclaim and hold above 0.212 is required to neutralize this bearish setup. Until then, rallies are sell opportunities.
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