$KERNEL at $0.30 – Resistance in Play or Breakout?"
$KERNEL is currently trading at $0.3035, approaching a key resistance level at $0.30–$0.32. With momentum slowing, a pullback could be on the cards, but a breakout could open up upside potential.
Trade Setup:
Entry: $0.30 - $0.32
Stop Loss: $0.34
Take Profit Zones: $0.28 / $0.25 / $0.22
Risk/Reward: Potential 1:2+ setup if rejection occurs
Suggestion:
Look for a bearish rejection near the resistance zone or a bearish divergence on the RSI for confirmation. Keep an eye on volume for confirmation of trend shift.
