$KERNEL /USDT – Relief Bounce or Trap? 🔥🚀
Current Price: $0.2291 (-2.88%)
24H Range: $0.2205 – $0.2797
📉 Downtrend Cooling Off?
$KERNEL has seen a sharp drop from above $0.27, testing the support at $0.2205 before a minor bounce. Price is now consolidating after the sell-off, showing signs of potential relief.
📊 Key Levels:
Resistance: $0.2380 – $0.2450
Support: $0.2200 – $0.2250
Trend Bias: Bearish unless reclaimed above $0.2450
🎯 Trade Setup (Short-Term Bounce Play):
Entry Zone: $0.2270 – $0.2295
Target 1: $0.2380
Target 2: $0.2480
Stop Loss: $0.2215
⚠️ Pro Tip: Only play the bounce if volume picks up and candles close above $0.235 on lower timeframes. Otherwise, avoid catching the falling knife!
Watch closely – this could be a quick scalp or a deeper trap. Stay smart and trade safe!
{spot}(KERNELUSDT)
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