$KGEN IS REJECTING A KEY RESISTANCE ZONE FOR THE THIRD TIME TODAY ๐จ
Entry: 0.1893 โ 0.1903 ๐ฅ
Target: 0.1808 ๐
Stop Loss: 0.1921 โ ๏ธ
Price keeps printing rejection wicks right at this supply zone while sellers step in consistently. The last two attempts to break higher got slapped down within the same 10-pip range. If you zoom in on the 15m, volume is drying up on each push up โ classic distribution pattern.
That entry range gives you a tight stop above 0.1921, which means you're risking roughly 1% to aim for a clean 5% move toward the first target. As long as 0.1921 holds as resistance, this setup stays alive.
Are you shorting the rejection or waiting for a retest of the entry zone?
Not financial advice. Always manage your risk.
#KGEN #ShortSetup #Rejection #Crypto
๐จ
Entry: 0.1893 โ 0.1903 ๐ฅ
Target: 0.1808 ๐
Stop Loss: 0.1921 โ ๏ธ
Price keeps printing rejection wicks right at this supply zone while sellers step in consistently. The last two attempts to break higher got slapped down within the same 10-pip range. If you zoom in on the 15m, volume is drying up on each push up โ classic distribution pattern.
That entry range gives you a tight stop above 0.1921, which means you're risking roughly 1% to aim for a clean 5% move toward the first target. As long as 0.1921 holds as resistance, this setup stays alive.
Are you shorting the rejection or waiting for a retest of the entry zone?
Not financial advice. Always manage your risk.
#KGEN #ShortSetup #Rejection #Crypto
๐จ