💥$KERNEL /USDT Recovery Attempts After a 19.47% Drop!🔥
🌟Current Price: 0.1696 USDT (19.47%)
🌟24-Hour High: 0.2148 USDT (Resistance zone to monitor).
💰24-Hour Low: 0.1545 USDT (Critical support level).
Volume (24H):
🌟KERNEL: 147.61M
🌟USDT: 26.38M
⚡Following a sharp decline, KERNEL has shown signs of recovery, hovering near its 24-hour low. Trading sentiment reflects caution, and volume trends will play a key role in deciding the next move.
⚡Technical Indicators 🧩
1. RSI: Likely approaching oversold levels, suggesting potential for a rebound.
2. MACD: Continues bearish but monitor for divergence signaling reversal.
3. Bollinger Bands: Bands are wide due to volatility, with price action near the lower band.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Recovery Trade
👉Entry Point: Above 0.1720 USDT (confirmed bounce with increasing volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.1800 USDT
🎯TP2 (1:2): 0.1900 USDT
💢Stop Loss: Below 0.1650 USDT
🎖️Bearish Scenario
Type: Continuation Trade
👉Entry Point: Below 0.1650 USDT (confirmed breakdown with strong selling pressure).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.1600 USDT
🎯TP2 (1:2): 0.1540 USDT
💢Stop Loss: Above 0.1680 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, once TP1 (0.1800 USDT) is achieved:
Move Stop Loss to Breakeven (Entry Price).
Secure 50% of trade quantity for profits while holding for extended targets.
For Bearish Setup, lock in gains at TP1 (0.1600 USDT) and minimize risks by adjusting Stop Loss to Entry.
⚡Key Notes ✍️
1. Volume Confirmation: Strong trading activity is essential for validating recovery or continuation moves.
2. Monitor the 0.2148 USDT resistance zone closely; rejection may lead to extended consolidation.
3. Exercise patience and disciplined risk management to navigate heightened volatility effectively.
Disclaimer: #DYOR*
Buy or Trade with Me On $KERNEL