#KGNUSDT This coin is also a tough character today, directly rising 48% in 24 hours, and the current price is around 0.441. Look at that K-line, after surging to 0.44695, it has struggled to rise further, forming a shooting star, indicating that there is significant selling pressure near the previous high. Now is the critical moment where both bulls and bears are wrestling.
The key points are obvious:
Key support levels:
* First line of defense: 7-day moving average around 0.424, this is the lifeline in the short term, cannot be easily discarded.
* Second line of defense: 25-day moving average around 0.392, this is a stronger support, if it falls here, the trend may weaken.
What to do next?
First and foremost, the most important sentence: absolutely do not chase high at this point! Better to miss out than to make a mistake.
For friends looking to get in:
* Aggressive (high risk, suitable for quick responders):
* Entry point: If the price retraces to the support zone of 0.424 - 0.430, and shows signals of stopping decline on the 15-minute or 1-hour K-line (like long lower shadows, bullish engulfing), you can try a small position.
* Stop loss: Must be set below 0.424, for example 0.420.
* Target: The first target is the previous high of 0.447, if it breaks through, then look for 0.46 or even higher.
* Conservative (strongly recommended):
* Entry point: Patiently wait for it to break through the previous high of 0.447 with volume. Follow up at the moment of the breakout, although the cost is high, but the certainty is strongest, this is called “right-side trading,” safer!
* Stop loss: Set at the bottom of the K-line that broke through.
* Or: Wait for it to retrace to the stronger support level around 0.392 (MA25), consider after it stabilizes.
For friends who already hold positions and have profits (how to sell):
* Congratulations on making profits! The key now is to protect the profits.
* Taking profits in batches is the best strategy:
* You can sell part of it near the resistance level of 0.447, first secure your capital and some profits.
* If the price strongly breaks through 0.447 and stabilizes, the remaining portion can aim for greater returns, then raise the stop loss to your cost price, ensuring this trade will never incur a loss.
* If this situation occurs, run decisively: if the price falls below the support of 0.424 and rebounds weakly, don’t hesitate, indicating that a short-term deep correction may be coming.
$KGEN