$KERNEL BUILDING PRESSURE: WILL IT POP OR DROP?
$KERNEL is trading at $0.1613, up 9.43% on the day, pushing against a short-term resistance zone after a clean intraday rally. With strong bids and steady volume, traders should be on alert for the next impulse move.
Key Price Levels:
• Resistance Zone: $0.1618 – $0.1640
A confirmed breakout above this could target:
• TP1: $0.1680
• TP2: $0.1725
• Support Zone: $0.1585 – $0.1560
Losing this area could trigger downside toward:
• TP1: $0.1525
• TP2: $0.1490
Trade Setup – Eyes on the Break Zone:
• Bullish Entry: Break and hold above $0.1618 with increasing volume
• Targets: $0.1680 and $0.1725
• Stop-Loss: Below $0.1585
• Bearish Entry: Breakdown below $0.1560
• Targets: $0.1525 and $0.1490
• Stop-Loss: Above $0.1618
Price is wedging tighter—watch for a breakout confirmation before jumping in.
