A $3.76K SHORT liquidation just triggered at $0.26696, forcing bearish positions to close and significantly reducing short-term selling pressure. Liquidations of this size often act as a momentum catalyst when price holds above the trigger level.
With shorts flushed, $KGEN is now trading at a key reaction zone. If buyers maintain control and volume supports the move, $KGEN could extend higher from here. Failure to hold may result in brief consolidation before continuation.
Trade Setup
EP: 0.262 – 0.270
TP1: 0.288
TP2: 0.312
TP3: 0.355
SL: 0.252
Short liquidations shift market balance — let price action confirm direction.
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