$KMD PLUNGES NEARLY -23% – DEAD CAT BOUNCE OR RECOVERY BREWING?
$KMD is currently trading at $0.0897, following a brutal drop from the $0.11+ region. Price is consolidating sideways in a tight range, hinting at either base-building or preparation for further downside.
Key Levels to Watch
• Resistance Zones:
$0.0905 – Immediate resistance cap
$0.0930 – Mid-recovery target
$0.0950 – Strong resistance from breakdown zone
• Support Zones:
$0.0875 – Immediate support base
$0.0850 – Key level to hold if further drop occurs
Trade Setup – Bounce Watch or Breakdown Risk
• Bullish Scenario: A breakout above $0.0905 could lead to:
TP1: $0.0930
TP2: $0.0950
• Bearish Scenario: A fall below $0.0875 could drag price toward:
TP1: $0.0850
TP2: $0.0820
Stop-Loss Strategy:
• Longs: Below $0.0869
• Shorts: Above $0.0909