A colleague messaged me on WeChat: “KGENUSDT is up 23% in a day and looks ready to take off. Should I chase it?”
I said, “It’s less than 4% away from the resistance at 0.0847, and the 4-hour indicators are already above 80. Jumping in now would be like paying the market maker a wedding gift.”
He then asked if he could short it. I quickly shoved both hands in my pockets—I wouldn’t dare bet on how much higher this mad dog could jump.
#KGEN #Binance Square
I said, “It’s less than 4% away from the resistance at 0.0847, and the 4-hour indicators are already above 80. Jumping in now would be like paying the market maker a wedding gift.”
He then asked if he could short it. I quickly shoved both hands in my pockets—I wouldn’t dare bet on how much higher this mad dog could jump.
#KGEN #Binance Square