🤯 $KERNEL Chart Shows Ominous Pattern

Hey traders👋, let's look at $KERNEL:

Current price: $0.1871 (▼5.12%)
24h range: $0.1786 - $0.2168

📊 Current Analysis:

KERNEL is currently dropping sharply, down 5.12% in the last 24 hours. The increased selling volume suggests this might be more than just a normal correction. Here are the key levels I'm watching:

🔺 Resistance Levels:
1. $0.1908 - Immediate resistance that needs to break for continuation
2. $0.219 - Stronger resistance that could cap larger moves

🔻 Support Levels:
1. $0.1834 - Initial support where buyers might step in
2. $0.1768 - Critical support that must hold for current structure

💡 Trading Considerations:

Patience could be valuable here. Sometimes the best trade is no trade until the picture becomes clearer.

For those considering positions:
• Potential entry zone: $0.1834-$0.1908
• Stop considerations: Below $0.1768 for longs / above $0.219 for shorts
• Initial targets: $0.1908 then $0.219 if bullish / $0.1834 then $0.1768 if bearish

What's your take on KERNEL's current setup? Are you:
- Seeing opportunities here?
- Waiting for more confirmation?
- Have a different perspective on these levels?

Let me know in the comments - I always appreciate different viewpoints!

Remember: Markets can change quickly. Always manage your risk accordingly.

#Crypto #Trading #Binance #KERNEL #Bearish #DYOR