$KMNO PRICE TEETERING NEAR SUPPORT: DEAD CAT BOUNCE OR BASE FORMATION?
$KMNO is trading at $0.06630, slightly down -0.73% over the past 24 hours. Price action shows repeated failures to sustain above short-term resistance, and it’s now consolidating just above a weak support zone.
Key Technical Zones:
• Immediate Resistance: $0.06660 – $0.06690
Bulls need to break and close above this band to regain control.
• Major Resistance: $0.06740
Last local high – a breakout here could spark a trend reversal.
• Support Zone: $0.06600 – $0.06610
A breakdown below this could lead to deeper correction toward new lows.
Trade Setup:
Bullish Setup:
• Entry: Above $0.06660 with confirmation
• TP1: $0.06690
• TP2: $0.06720
• TP3: $0.06785
Bearish Setup:
• Entry: Below $0.06600
• TP1: $0.06560
• TP2: $0.06500
Stop-Loss Placement:
• For longs: Below $0.06590
• For shorts: Above $0.06680
Decision point is near—KMNO is at the edge of a make-or-break zone. Bulls must reclaim $0.06660 quickly or risk handing momentum back to bears. Watch closely for high-volume candles to validate your entries.