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Did everyone just miss that local bottom on $KGEN ?
We just put in a solid recovery from that 0.19531 dip and even managed to poke above 0.24314 for a second. Right now, it’s looking like a classic consolidation play around the 0.23060 mark.
The chart is actually looking pretty healthy since we’re holding higher lows on the hourly. If we can flip this current area into support, I’m looking for another run at that 0.245 level. But if the volume starts drying up here, we might just drift back down to test 0.213 again.
I’m keeping a close eye on the next few candles to see if the buyers still have gas in the tank. It’s definitely not a "set it and forget it" trade right now.
#JoinGrowthPointsDrawToWinGoldenBar