$KGEN 1H Market Outlook.
KGEN has experienced a significant decline and is now moving toward a strong support zone. Previously, this same zone triggered a massive rally, taking the price from $0.05987 to $0.10738, representing an increase of almost 100%.
At the time of writing, the current price is $0.07129.
I've also prepared a short setup with approximately 50% accuracy. Here are the details:
Short Setup
- Entry: 0.0719
- Target: 0.06426
- Stop Loss: 0.07888
- Risk-to-Reward: Approximately 1:1
However, I wouldn't strongly recommend taking this short trade. Personally, I'll wait for the price to reach the important support zone before looking for a better trading opportunity and preparing my next plan.
KGEN has experienced a significant decline and is now moving toward a strong support zone. Previously, this same zone triggered a massive rally, taking the price from $0.05987 to $0.10738, representing an increase of almost 100%.
At the time of writing, the current price is $0.07129.
I've also prepared a short setup with approximately 50% accuracy. Here are the details:
Short Setup
- Entry: 0.0719
- Target: 0.06426
- Stop Loss: 0.07888
- Risk-to-Reward: Approximately 1:1
However, I wouldn't strongly recommend taking this short trade. Personally, I'll wait for the price to reach the important support zone before looking for a better trading opportunity and preparing my next plan.
