$KERNEL L/USDT STRUGGLING BELOW RESISTANCE — BEARS LIKELY TO TAKE CONTROL AGAIN
After a sharp rejection from $0.2172 and failure to hold above the 25 MA and 99 MA levels, $KERNEL is showing signs of weakness. Despite minor attempts at recovery, price action remains below the 99 MA barrier, and sideways consolidation is losing bullish momentum. A breakdown from here could lead to another bearish leg.
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🔻Trade Setup (SHORT):
• Entry Zone: $0.2080 – $0.2100
• Take Profit 1: $0.2000
• Take Profit 2: $0.1920
• Stop Loss: $0.2130
Market Outlook:
Momentum is fading as price gets compressed between short-term moving averages and long-term resistance. If volume fails to pick up on the buy side, we can expect bears to dominate the next move. Watch for a breakdown confirmation under $0.204 to trigger continuation.
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buy and trade here on $KERNEL