$KERNEL /USDT TRADE SETUP & CHART ANALYSIS

Scenario: Bullish Continuation Play

Entry Zone: $0.175–$0.185 (pullback to neckline/EMA support zone).

Stop Loss: Below $0.160 (under EMA and structure support).

Target 1: $0.220 (recent high).

Target 2: $0.250–$0.270 (measured move from iH&S).

Risk-to-Reward (approx.):

Entry: $0.180

Stop: $0.158

Target: $0.250

R:R ≈ 3.18:1

Chart Analysis:

1. Pattern Recognition:

Inverse Head and Shoulders (iH&S) forming near the bottom:

Marked by the two "L" labels as shoulders and the lower "L" as the head.

This is a classic bullish reversal pattern.

Previous Head and Shoulders (H&S) pattern at the top suggests prior bearish trend, which seems to have completed and broken down before bottoming out.

2. Breakout Confirmation:

Price broke above neckline resistance around 0.167–0.170 USDT, confirming the iH&S breakout.

Recent surge took price to around 0.22+, indicating strong momentum.

3. Support and Resistance Levels:

Immediate resistance: ~0.220–0.225 (recent high).

Support levels:

0.167–0.170 (neckline turned support).

0.1600 (green line, dynamic support from moving average or trendline).

0.1400 (previous range support).

4. Moving Averages:

The red and green moving averages (possibly 20 EMA and 50 EMA) have turned bullish:

Green (shorter MA) has crossed above the red (longer MA) — a bullish crossover.

Trade $KERNEL