$KERNEL /USDT STRUGGLING TO HOLD SUPPORT — BEARISH PRESSURE STILL ACTIVE!
$KERNEL has dropped sharply by over 25% in the last 24 hours and is now attempting to stabilize above the 0.1650 zone. However, the price remains under clear bearish pressure, with lower highs and rejection candles at every recovery attempt. Unless bulls reclaim the 0.1720 level, downside risk remains elevated.
Trade Setup:
Short Entry: Below 0.1680
Take Profit (TP): 0.1620 / 0.1580
Stop Loss (SL): 0.1730
Market Outlook:
Current structure indicates a weak recovery attempt within a downtrend. Volume spikes have failed to push beyond resistance. If sellers continue to dominate, a retest of intraday lows is likely.
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