$KERNEL /USDT – Bearish Channel Breakdown? Short Opportunity Brewing! 🔻

Current Price: $0.1857 (-8.11%)

📉 Descending Channel Dominates:

$KERNEL has been grinding down within a well-respected bearish channel. Attempts to break out have failed, and the latest rejection hints at continuation to lower support zones.

🔑 Key Levels:

Resistance: $0.1920 / $0.2000

Support: $0.1810 (Channel Low) / $0.1750

24H Range: $0.1812 – $0.2134

📉 Short Setup:

Entry Zone: $0.1860 – $0.1890

TP1: $0.1810

TP2: $0.1750

Stop Loss: Above $0.1925

📊 Market Insight:

Bearish structure remains intact with lower highs and lower lows. Volume is fading on upswings and increasing on down moves—classic distribution behavior.

💡 Pro Tip:

If price fails to reclaim $0.1900 soon, expect a flush to the bottom of the channel. Use tight SL and monitor volume spikes for downside acceleration.

$KERNEL

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