$KGEN 15-minute drop of 3.28%, current price 0.106. There are two possible scenarios:
① If it moves sideways on lower volume and climbs back above the starting point of the drop → this looks more like a shakeout
② If the rebound is weak and it breaks below the 24-hour low of 0.0943 → the downtrend may continue
Personally, I’ll wait to see how the first rebound plays out before drawing a conclusion. Which side are you on? Let us know in the comments.
#KGEN
① If it moves sideways on lower volume and climbs back above the starting point of the drop → this looks more like a shakeout
② If the rebound is weak and it breaks below the 24-hour low of 0.0943 → the downtrend may continue
Personally, I’ll wait to see how the first rebound plays out before drawing a conclusion. Which side are you on? Let us know in the comments.
#KGEN