Short trading signal on USDT pair $KMNO
Rejected from the area of $0.0623
Confirmation of a lower high - support under pressure
The KMNO stock failed to regain the resistance level at $0.06230 and is now trading below key levels. The price formed a lower high and is heading towards the support area at $0.06080, indicating a continuation of the downward trend.
🔹Trading settings:
• Entry point: $0.06110 - $0.06130
• Stop loss: $0.06230
• Take profit:
• First profit target: $0.05918
• Second profit target: $0.05724
• Margin: 2-3% of the portfolio
📉Market expectations:
The KMNO structure remains weak with repeated rejection at the resistance level. A break below $0.06080 will open a downward range towards the area of $0.057. The short-term trend favors sellers #BinanceAlphaAlert #MarketRebound