$KERNEL Breakout or Pullback? – Crucial Test Ahead!
$KERNEL is currently trading at $0.1746, trying to reclaim lost ground after hitting intraday lows. Price is approaching a key resistance band and could explode upward—or drop if momentum fades.
Key Levels to Watch:
Resistance Zone:
• $0.1760 – $0.1780
A clean breakout above this range could fuel a short-term bullish rally.
Support Zone:
• $0.1715 – $0.1690
Failure to hold above this support may lead to a deeper correction toward lower zones.
Trade Setup – Be Ready for Both Moves:
Bullish Scenario:
Entry on breakout above $0.1780
• TP1: $0.1820
• TP2: $0.1880
• Stop-Loss: Below $0.1715
Bearish Scenario:
Entry on breakdown below $0.1715
• TP1: $0.1670
• TP2: $0.1620
• Stop-Loss: Above $0.1760
Watch for fakeouts near the resistance. Stick to your stop-loss and avoid chasing if the setup doesn’t confirm.
