๐ข $KGEN / USDT | ๐ด SHORT | โญ 75%
๐ฏ Target: $0.13847111. Will it get there?
๐ฏ Trade levels:
๐ด Entry: $0.1403
๐ Stop Loss: $0.141316
๐ TP1: $0.138471
๐ TP2: $0.137455
๐ TP3: $0.136236
๐ Analysis:
The market structure shows a clear downtrend, with lower highs forming on the 4-hour timeframes. A bearish break below the 0.14 support level is visible, accompanied by a significant increase in trading volume, suggesting greater selling pressure. Current momentum remains bearish according to the MACD indicator, confirming price weakness.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
๐ญ A breakout occurs when the price forcefully crosses a support or resistance level, often indicating the start of a move with greater momentum in that direction.
#crypto #KGEN #trading #Bearish
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
๐ฏ Target: $0.13847111. Will it get there?
๐ฏ Trade levels:
๐ด Entry: $0.1403
๐ Stop Loss: $0.141316
๐ TP1: $0.138471
๐ TP2: $0.137455
๐ TP3: $0.136236
๐ Analysis:
The market structure shows a clear downtrend, with lower highs forming on the 4-hour timeframes. A bearish break below the 0.14 support level is visible, accompanied by a significant increase in trading volume, suggesting greater selling pressure. Current momentum remains bearish according to the MACD indicator, confirming price weakness.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
๐ญ A breakout occurs when the price forcefully crosses a support or resistance level, often indicating the start of a move with greater momentum in that direction.
#crypto #KGEN #trading #Bearish
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.