$KGEN USDT just delivered a massive pump, but the real battle starts now.
KGEN climbed to $0.10753 before sellers stepped in and pushed the price back down to $0.08085. That's a sharp rejection from the highs, and I'm watching closely to see whether buyers can regain control.
The 15-minute chart tells an interesting story. After the explosive move, selling pressure increased and price started printing lower highs and lower lows. The excitement is still there, but momentum needs to recover before I consider another serious upside move.
Here are the levels I'm watching:
- Current price: $0.08085
- Immediate support: $0.07850
- Major downside support: $0.06840
- First resistance: $0.08344
- Next resistance: $0.08982
- Major resistance: $0.09621
- Previous pump high: $0.10753
Bullish scenario:
If KGEN holds above $0.07850 and buyers reclaim $0.08344, we could see a recovery toward $0.08982. A strong breakout above that level could open the door toward $0.09621 and potentially a retest of $0.10753.
Bearish scenario:
If $0.07850 fails, I don't want to blindly catch the falling knife. Further weakness could bring the price toward the $0.06840 area.
The 24-hour trading volume is already around $182.72M, showing strong market activity. But high volume alone doesn't guarantee another rally.
My approach is simple: no chasing, no emotional entries, and no forced trades. I want to see buyers defend support and confirm a recovery before taking a position.
Cash is a position. Protecting capital matters more than catching every move.
The big question now: Can KGEN reclaim $0.08344, or will sellers push it below $0.07850?
Let's watch the next 15-minute candles. The next move could tell us a lot.
#HotCPIDecemberHikePriced
#AnthropicRejectsIPODelayValuationinQuestion #TradFiForBeginners
KGEN climbed to $0.10753 before sellers stepped in and pushed the price back down to $0.08085. That's a sharp rejection from the highs, and I'm watching closely to see whether buyers can regain control.
The 15-minute chart tells an interesting story. After the explosive move, selling pressure increased and price started printing lower highs and lower lows. The excitement is still there, but momentum needs to recover before I consider another serious upside move.
Here are the levels I'm watching:
- Current price: $0.08085
- Immediate support: $0.07850
- Major downside support: $0.06840
- First resistance: $0.08344
- Next resistance: $0.08982
- Major resistance: $0.09621
- Previous pump high: $0.10753
Bullish scenario:
If KGEN holds above $0.07850 and buyers reclaim $0.08344, we could see a recovery toward $0.08982. A strong breakout above that level could open the door toward $0.09621 and potentially a retest of $0.10753.
Bearish scenario:
If $0.07850 fails, I don't want to blindly catch the falling knife. Further weakness could bring the price toward the $0.06840 area.
The 24-hour trading volume is already around $182.72M, showing strong market activity. But high volume alone doesn't guarantee another rally.
My approach is simple: no chasing, no emotional entries, and no forced trades. I want to see buyers defend support and confirm a recovery before taking a position.
Cash is a position. Protecting capital matters more than catching every move.
The big question now: Can KGEN reclaim $0.08344, or will sellers push it below $0.07850?
Let's watch the next 15-minute candles. The next move could tell us a lot.
#HotCPIDecemberHikePriced
#AnthropicRejectsIPODelayValuationinQuestion #TradFiForBeginners
