$KERNEL Trade Setup
Current Price: $0.1294
On the 15 minute timeframe, KERNEL is trading slightly above its 24h low, showing weak momentum and limited buying pressure. The price is hovering near the support zone at $0.1280, which has held multiple times recently. The resistance zone is visible near $0.1330 – $0.1360, where the last upward wicks were rejected.
The MA(5) remains below MA(10), signaling short term bearish sentiment.
The KD indicator (K: 22.17, D: 30.50) suggests oversold conditions, meaning a potential short term rebound is possible if volume picks up.
Entry Zone: $0.1280 – $0.1300
Target 1: $0.1335
Target 2: $0.1365
Stoploss: $0.1265
KERNEL is consolidating near its lower range after a consistent downtrend over the past week (-22.9% in 7 days). Short term traders can look for a bounce from the support level with tight risk management. However, a close below $0.1265 could trigger further downside toward $0.1220.