$KMNO
/USDT BEARISH BREAKDOWN IMMINENT AS SUPPORT GIVES WAY!
The price action of $KMNO/USDT is showing clear signs of bearish momentum, currently trading at 0.05974, down nearly 5% on the day. A steady string of lower highs and lower lows, along with increasing sell pressure around the 0.06000 mark, signals a breakdown below support. The failure to reclaim key resistance at 0.06500-0.06700 confirms that bulls are losing control, and further downside is likely.
Trade Setup:
Short Entry: 0.05970 – 0.05950
Targets (TP): 0.05800 / 0.05620
Stop Loss (SL): 0.06120
Market Outlook:
$KMNO is stuck in a descending structure with fading volume and weak bullish rebounds. Unless there's a strong reversal or macro catalyst, the trend favors sellers in the short term. Watch for acceleration if the 0.05800 support fails.
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