$KGEN attempted a bullish continuation but faced strong rejection around the 0.198–0.200 zone, printing upper wicks and showing clear momentum loss. Price is now struggling to hold above the breakout level — a sign of a potential fake breakout and early distribution.
🚨 Trade Setup (Short)
📊 Entry Zone: 0.190 – 0.194
🛑 Stop Loss: 0.1985
🎯 Targets:
TP1: 0.1800
TP2: 0.1750
TP3: 0.170
💡 Sellers are gradually stepping in, and if weakness persists, a deeper pullback toward lower support levels looks likely.