$KMNO is looking promising with a potential reversal after stabilizing above $0.06850. Here's the trade setup:
- *Entry Price*: $0.06866
- *Targets*:
- *Target 1*: $0.07200
- *Target 2*: $0.07600
- *Final Target (TP3)*: $0.08000
- *Stop Loss*: $0.06300
The trade rationale suggests strong demand at current levels, with a potential move towards the $0.07200-$0.08000 resistance range if momentum continues. A breakout above $0.07000 would confirm the bullish push. Volume confirmation between $0.07000-$0.07400 is key to signal continued buyer strength.
*Risk Management Tip*: Secure profits once the first target is reached by trailing your stop-loss closer to the entry or slightly above it ๐.
Given the current market structure and trade setup, it's essential to stay sharp and adapt to changing market conditions. The risk-reward setup remains favorable as long as the price holds above $0.06300 ยน.