$KGEN Short Trade Setup
Current Price: ~0.2598
Timeframe: 5 Minutes
Market Bias: Bearish Continuation
🔹 Trade Idea:
Price is making lower highs and lower lows, showing clear bearish structure. Weak bounces are getting rejected near resistance, indicating sellers are still in control and further downside is likely.
📍 Entry (Short):
0.2595 – 0.2610 (Sell on pullback / rejection)
🛑 Stop Loss:
0.2665 (Above recent lower high & resistance)
🎯 Take Profit Targets:
• TP1: 0.2560
• TP2: 0.2525
• TP3: 0.2480
📊 Risk–Reward: Favorable (1:2 to 1:3)
💡 Confirmation: Bearish candle close or rejection wick near 0.260–0.262 zone
⚠️ Note:
Always wait for confirmation and follow strict risk management. Crypto markets can be highly volatile.
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