$KMNO TRYING TO STABILIZE – SHORT-TERM BOUNCE OR MORE PAIN AHEAD?
$KMNO is trading at $0.05274, showing minor recovery after a sharp drop. Price is hovering near its intraday support, but still faces layered resistance overhead. Bulls need strong momentum to shift the trend.
Key Levels to Watch
• Resistance Zones:
$0.05310 – Closest resistance to reclaim
$0.05350 – Mid-level resistance
$0.05390 – Strong resistance from prior sell-off
• Support Zones:
$0.05240 – Immediate support zone
$0.05180 – Breakdown area if sellers return
Trade Setup – Watching for Confirmation
• Bullish Scenario: A breakout above $0.05310 could aim for:
TP1: $0.05350
TP2: $0.05390
• Bearish Scenario: A fall below $0.05240 may drag price toward:
TP1: $0.05180
TP2: $0.05090
Stop-Loss Strategy:
• Longs: Below $0.05230
• Shorts: Above $0.05320