KERNEL ($KERNEL /USDT) is showing a potential trading opportunity based on support and resistance levels. 📈
Support Zone:
There's strong support between $0.2150 and $0.2180. This area has acted as a floor, preventing further price drops. A bounce here could be a good entry point. 🟢
Resistance Levels:
The immediate resistance is at $0.2278. If the price breaks above this level with strong buying volume, it could gain momentum. The next targets would be $0.2350 and potentially even $0.2450. 🚀
Trading Strategy:
Entry: Look to buy near the support zone, specifically between $0.2150 and $0.2180.
Stop-Loss: To protect against a downturn, set a stop-loss just below $0.2150. 🛡️
Take-Profit: If the price moves up, consider taking profits at $0.2350 and $0.2450. 🎉
In short, the setup suggests buying on a dip near support and selling if the price breaks out past key resistance levels. 💰