$KMNO AT CRITICAL SUPPORT: BREAKDOWN OR SHORT-TERM RELIEF?
KMNO is trading at $0.05680, plunging -17.97% in the past 24 hours. After touching a 24h low of $0.05582, the price is attempting to stabilize. The market is under strong selling pressure, but buyers are testing a narrow recovery range. With volume at 466.8K, this zone is key for a potential reversal or further collapse.
Key Levels to Watch:
• Immediate Resistance: $0.05780
– A break above this level could trigger minor bullish momentum.
• Support Zone: $0.05580
– A breakdown below this could lead to a fresh low.
Trade Setup – Caution Ahead
Bullish Scenario:
If KMNO reclaims $0.05780, look for short-term upside toward:
• TP1: $0.05890
• TP2: $0.05990
• TP3: $0.06150
Bearish Scenario:
A clean drop below $0.05580 may accelerate downside:
• TP1: $0.05440
• TP2: $0.05250
Stop-Loss Guidance:
• For longs: Below $0.05580
• For shorts: Above $0.05780
KMNO is sitting at a make-or-break level. While there’s a chance of a technical bounce, the broader trend remains bearish unless resistance is reclaimed convincingly.
