$KERNEL MAJOR DUMP FOLLOWED BY STABILITY: DEAD CAT BOUNCE OR REVERSAL?
KERNEL is trading at $0.1605, attempting to stabilize after a brutal -22% crash in the last 24 hours. Despite heavy selling, buyers are starting to show interest near the $0.1550 zone. With volume slightly rebounding, this could be the calm before the next big move—up or down.
Key Levels to Watch
Resistance Zones:
• $0.1660 – Initial resistance to clear short-term selling pressure
• $0.1720 – Mid-level supply zone
• $0.1800 – Strong resistance from breakdown candle
Support Zones:
• $0.1560 – Local support holding the current bounce
• $0.1545 – 24H low and key breakdown level
• $0.1480 – Deeper risk level if panic selling resumes
Trade Setup – Be Cautious, But Ready
Bullish Setup:
• Entry: Break above $0.1660 with strong volume
• Target 1: $0.1720
• Target 2: $0.1800
Bearish Setup:
• Entry: Breakdown below $0.1545
• Target 1: $0.1500
• Target 2: $0.1480
Risk Management Tip
Due to extreme volatility, tight stop-losses are essential. Don’t chase moves—wait for clear confirmation on breakouts or breakdowns.
Watch closely—KERNEL is trying to wake up from the dump. But is it ready to run, or just catching its breath?