$KGEN 5-minute pullback of 3.34%, current price 0.08676. Next, there are two possible scenarios:
① Stabilizes and reclaims the breakdown level → this move looks more like a shakeout
② Weak rebound, then breaks below the 24h low of 0.066 → weakness may continue
I’d personally wait to judge based on the strength of the first rebound. What would you do if it moves in the opposite direction next?
① Stabilizes and reclaims the breakdown level → this move looks more like a shakeout
② Weak rebound, then breaks below the 24h low of 0.066 → weakness may continue
I’d personally wait to judge based on the strength of the first rebound. What would you do if it moves in the opposite direction next?
