$KERNEL / USDT ā Showing Bullish Intent After Consolidation! š±
$KERNEL is currently trading at $0.1850, up by a healthy +8.25%. The 4-hour chart shows that after a period of consolidation, the price is breaking above a key resistance level around $0.1840.
Potential Scenario:
Observation: $KERNEL has been consolidating for a few days and is now showing strong bullish momentum with a break above the recent highs. This could signal the start of a new upward trend.
Possible Trade Considerations (Looking for Continuation):
Entry: Consider potential entries on a confirmed hold above $0.1840, looking for it to act as new support.
Target 1: $0.1890
Target 2: $0.1930
Final Target: $0.2000+ (testing previous highs)
Stop Loss: Place a stop-loss below the breakout level, perhaps around $0.1820, to manage risk.
Key Observation: The break above $0.1840 with increasing volume is a positive sign. Watch for continuation of this momentum.
Remember to conduct your own thorough analysis before making any trading decisions. Hope your Sunday evening is going well too!
