$KGEN Long Liquidation Update!
KGEN faced a long liquidation worth $1.23K at $0.28816, hinting at a cool-off phase after recent bullish attempts. The market seems to be recalibrating as leveraged longs get shaken out.
Technical Snapshot:
Support Zone: $0.275 — A crucial base to maintain short-term strength.
Resistance Zone: $0.305 — Bulls need to reclaim this to regain control.
Market View:
This liquidation suggests temporary profit-taking or weak hands exiting, not necessarily a bearish reversal. If buyers defend the support area, a rebound toward $0.30+ looks probable.
Trading Setup:
Buy Entry: Around $0.278–$0.285 (if support holds firm)
Target Range: $0.305–$0.320
Stop-Loss: Below $0.270
Next Move: Watch for a volume resurgence near $0.29 — it could mark the turning point for KGEN’s next upward leg.
#MarketRebound #BNBATH #TrumpBitcoinEmpire #BNBATH900 #US-EUTradeAgreement