KGEN has potential for a rebound after this wave of sharp decline, and a light position can be considered for a long setup.

Since the low of 0.16299, both the 15-minute and 1-hour timeframes have shown a MACD golden cross. The red histograms are continuously expanding, indicating strong short-term bullish momentum. The moving averages are also starting to change direction — MA7 has already crossed above MA25, forming a certain support level.

Looking at the capital flow, although the large investors' long-short ratio still leans towards the short side, interestingly, active buying volume has appeared at key levels. The open interest is also rising along with the rebound, which suggests genuine capital is bottom-fishing, not just a false move.

In terms of operation, a light entry can be made in the range of 0.183 to 0.185, with a stop-loss set below 0.175 for safety. The short-term target is first set at 0.195, and if the breakout is smooth, there’s a chance to reach 0.20.

This kind of oversold rebound rhythm, catching a wave and taking profits quickly, as greed can easily lead to a reversal.