【$KGEN Signal】Long snipe + 4H momentum fading, but 1H retracement to the Bollinger middle band

$KGEN RSI on the 4H surged to 79.94, and the bid depth ratio at 1.04 indicates that bids are still holding steady. The 1H MACD histogram turned negative, and the Bollinger Bands narrowed to the 0.2054-0.2362 range, with price staying tight above the middle band at 0.2208. The 4H bullish histogram continues to shrink; momentum is weakening, but there is no death cross. Currently, around 0.227-0.228, there is funds propping up the market; the depth imbalance is only 1.89%, so selling pressure is limited.

🎯Direction: Long

⚡Entry/Pending Order: 0.22766

🛑Stop Loss: 0.22572

🚀Target 1: 0.23142

🚀Target 2: 0.23313

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to breakeven. If the price drops back to the entry level, you will be automatically exited to protect principal.

OI is stable and the funding rate is 0.0066%, which is relatively low; the shorts have not surged in significantly. Sideways consolidation at higher levels is a sign of strong consolidation. After a short-term pullback to around 0.2260, it quickly rebounds, and buy-side support below is active. In this kind of market, a risk-reward ratio of 1.5 is worth the trade-off, but you must strictly follow the stop loss.

View real-time market 👇 $KGEN
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