$KGEN is experiencing a healthy correction after the recent upward move. Corrections like this help the market digest gains and prepare for the next potential downward swing. I’m watching closely as price approaches this key resistance zone.
Trade Setup:
Entry Zone: $0.1758–$0.1765
Target 1: $0.1735
Target 2: $0.1715
Stop Loss: $0.1775
This zone is strong because it aligns with previous support-turned-resistance from early December and the 0.5 Fibonacci retracement of the last swing high. Price has reacted here before, indicating sellers are defending this area. If this level holds, we could see continuation toward the targets. They’re building strength here, and I’m watching for confirmation of downward momentum.
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KGENUSDT
Perp
0.17548
-17.40%