$KERNEL /USDT BEARISH REJECTION FROM RESISTANCE – SELLERS TAKE CONTROL!
$KERNEL/USDT attempted a recovery move but got rejected around the $0.2020 level, forming a lower high and printing a strong red candle on the 1H chart. The pattern now leans bearish with visible weakness in momentum as price slips back below the $0.1950 zone.
Trade Setup: (Short Setup)
Entry Zone: $0.1950 – $0.1980
Take Profit (TP): $0.1870 / $0.1810
Stop Loss (SL): $0.2030
Market Outlook:
The structure remains bearish until bulls reclaim the $0.2000+ zone with conviction. For now, each bounce is facing sell pressure and the path of least resistance remains downward.
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