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Okay, let's look at this $KGEN chart. The move off the low around 0.2326 yesterday was seriously impressive. Big volume on those green candles, especially the latest ones.
We had a pretty solid rejection from the 0.2799 area earlier, which is clearly our short-term resistance.
Right now, we're knocking on the door again, sitting at 0.27088. The move looks strong, but we need to see a clean, sustained break above that old high with good follow-through volume.
If it breaks 0.2800, we could be looking at a quick run.
If it fails here, expect a pullback to the 0.2600 - 0.2620 zone for a re-test. That's the key support now.
I'm leaning slightly bullish here given the momentum, but I'm waiting for the actual breakout confirmation.
Keep a tight stop, this market can turn fast.
What are you seeing? Drop a comment.
#KGEN #BitcoinPriceAnalysis