Looking at $KC and the 10.20-10.25 support
Been watching $KC pretty closely the past few sessions. We had that decent run-up, and now it looks like it's trying to consolidate. The 10.20-10.25 zone, especially today's low around 10.2366, seems to be acting as some sort of initial support. It's not super strong conviction yet, but it's holding after a minor dip. I'm keeping an eye on whether it can hold this level and perhaps build a base for another move, or if it's just a temporary bounce before further downside.
My primary concern, which would invalidate any short-term bullish outlook for me, would be a clear break and sustained close below 10.20. If it chops around that level for a bit and then gives way, especially on higher volume, that suggests the selling pressure is still very much in play. Conversely, a quick push back above today's open and a hold of 10.50 would be a decent sign of strength. Right now, it's just range-bound around that potential support.