$KMNO Sharp increase in price - Increase in volume, but is it a trap or preparation?
The price sharply rose to $0.06262, recording a long upper wick before retreating to $0.05648.
While the pump shows strength, the rejection indicates a potential trap - but the volume and structure suggest that something is being planned.
If the price stabilizes above $0.055 and attempts to rise again, the bulls may regain their momentum.
Watch for a strong hourly close above $0.0572 for confirmation.
Trading setup (Long speculation):
Entry price: $0.05550 - $0.05650
Targets:
1: $0.05880
2: $0.06190
Stop loss: $0.05390
Trade here
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