$KGEN Short-term Sharp Drop Analysis & Strategy

【Reason Analysis】

Having just experienced a wave of rapid decline (K-line 3, strong bearish line -2.42%🔥), mainly influenced by short-term profit-taking and the market's high volatility characteristics. Statistical data shows an average volatility rate of 2.05%, placing the market in a high volatility state⚠️. Subsequently, there were 4 consecutive bullish lines rebounding (K-line 4-9), especially K-line 9 with an increase of 3.13%, indicating a buying rebound, but this may also overdraw short-term momentum, with the system warning of overheating.

【Key Data Insights】

1. Intense Long-Short Game: Strong bearish lines and strong bullish lines alternate.

2. Rebound Volume Observation: After K-line 9's volume surge, K-line 10's trading volume plummeted (only 3241), raising doubts about the sustainability of the upward movement.

3. Current price at 0.1867, positioned in the lower part of the recent volatility range.

【Short-term Strategy】

Given the potential for a pullback pressure after consecutive rebounds, it is recommended:

- Aggressive traders may consider lightly shorting near 0.190, with a stop-loss above 0.195, targeting the 0.180 support area.

- Conservative traders should wait for the price to fall to around 0.180 for stabilization signals before considering a small position for a rebound.

- Core: Strict stop-loss, managing positions in high-volatility assets is key!🧯

(This article does not constitute investment advice, DYOR)