KERNEL surged 70% in four hours before being cut in half! Must-watch strategies for trapped crypto friends
Hello, crypto friends, today I will analyze the trend of KERNEL and potential strategies for getting out of being trapped.
Current Market Status
From the four-hour chart, KERN's recent rebound is quite strong, rising from a low of 0.1369 all the way to 0.2274, a significant increase! However, there has been a pullback in the last few periods, and the current price is hovering around 0.175. The MA7 moving average (0.1759) is basically in line with the price, indicating that it is in a critical position of a tug-of-war between bulls and bears in the short term.
Today's Trend Prediction
Support Level: The 0.160-0.165 area is a key support level, as it is the intersection of a previous dense trading area and important MA indicators.
Resistance Level: The upper 0.185-0.190 area forms strong resistance, breaking through this could lead to higher levels.
Short-Term Trend: If the price can stay above the MA7 moving average, there may still be opportunities in the short term; if it breaks below the MA7 with increased volume, a further decline may occur.
Strategies for Getting Out (for Different Holders)
Fans trapped in the 0.13-0.15 area
Congratulations, you have mostly gotten out! Suggestions:
Set dynamic take-profit and reduce positions in batches.
Above 0.175, consider selling half of your position to lock in profits.
For the remaining position, set a stop-loss (below 0.165) and aim for higher gains.
Fans trapped in the 0.16-0.17 area
The current position is close to getting out, stay patient.
If it rebounds to around 0.18, consider reducing your position by 30% to lower overall risk.
Keep a base position and wait for further increases.
Fans trapped above 0.2 after chasing high prices
This position is quite uncomfortable, so consider reducing your position by 50% to relieve psychological pressure.
You can add to your position at 0.175 for T+0 operations.
Set a stop-loss at 0.165, and exit decisively if it breaks that level.
Summary Suggestions
Given the current market volatility, I suggest everyone:
Control your position, do not operate at full capacity.
Set stop-loss levels to protect your capital.
Avoid blindly chasing highs and cutting losses; go with the trend.
Operate in batches to avoid emotional trading.
Remember: If you keep the green mountains, you won’t worry about having no firewood. Invest cautiously, and I wish everyone a smooth exit!
For the upcoming layout direction, I plan to help everyone find those altcoin profit opportunities, expecting a tenfold return is not a problem. Like and comment, and I will take you to layout the entire bull market!