$KMNO /USDT TECHNICAL ANALYSIS – BEARISH REVERSAL SIGNAL AFTER FAILED BREAKOUT!
$KMNO is currently trading at $0.05457, down 9.05% in the last 24 hours. After a sharp spike towards $0.06000, the price faced heavy rejection with long upper wicks, indicating a liquidity grab. Since then, the pair has been in a steady decline, forming lower highs and lower lows on the 1H chart.
Market Outlook:
Price is approaching local support at $0.05370, which if broken, could open room to retest the $0.05200 zone.
The failed breakout above $0.06000 signals a classic bull trap.
Momentum is weakening, and bearish volume is increasing.
Why Bearish?
Long upper wicks above $0.06000 confirm rejection and distribution.
Bearish market structure forming on intraday timeframes.
No strong demand zone observed in the immediate vicinity.
Risk Management Tip: Avoid long entries until $0.05650 is reclaimed. For shorts, consider placing stops above $0.05780 to minimize risk if trend reverses.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
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