$KGEN / USDT — BEARS IN CONTROL, BOUNCE FADING BELOW KEY AVERAGES
$KGEN is trading below both MA(7) and MA(25), signaling a clear loss of short-term momentum. The recent +2.9% uptick appears corrective rather than impulsive, with price failing to reclaim dynamic resistance. Unless bulls force a reclaim above $0.195–$0.215, downside pressure remains dominant and another liquidity sweep lower is likely.
TRADE SETUP
Entry Zone (Short):
$0.190 – $0.205 (rejection zone near MA(25))
Take Profit Targets:
TP1: $0.171 – $0.168 (local support)
TP2: $0.142 – $0.138 (range low & demand zone)
TP3: $0.120 (capitulation wick zone)
Stop Loss:
$0.218 (clean reclaim of MA(7) invalidates bearish setup)
SHORT MARKET OUTLOOK
Momentum: Weak, corrective bounce with selling pressure near averages.
Trend: Short-term bearish, lower highs intact.
Key Levels:
Resistance: $0.195 → $0.215
Support: $0.171 → $0.142
Failure to reclaim $0.215 keeps KGEN in a sell-the-rallies environment. Bulls need a strong volume expansion and MA(25) flip to neutralize this bearish structure.
#KGEN #CryptoTA #AltcoinTrading #BearishSetup #PriceAction
