$KMNO 1h Price Chart Analysis: - I expect price to dip further toward the 0.01820 zone, where bulls are likely watching for a reaction
- If we get a strong bullish confirmation at 0.01820-0.01802, a long trade could be initiated with 0.01865 and 0.01887 as initial targets, and 0.01908 as a stretch target
- If price loses 0.01802 and closes below 0.01758, the bullish setup is invalidated, and you should wait for new structure to form before considering longs
- If price unexpectedly surges and breaks above 0.01887 with a strong candle, this could be a sign of a bullish impulse toward 0.01908, but wait for a clear retest/confirmation before jumping in
- A stop-loss should be tucked below the most recent swing low to protect your capital and avoid getting trapped in a reversal
- If we get a strong bullish confirmation at 0.01820-0.01802, a long trade could be initiated with 0.01865 and 0.01887 as initial targets, and 0.01908 as a stretch target
- If price loses 0.01802 and closes below 0.01758, the bullish setup is invalidated, and you should wait for new structure to form before considering longs
- If price unexpectedly surges and breaks above 0.01887 with a strong candle, this could be a sign of a bullish impulse toward 0.01908, but wait for a clear retest/confirmation before jumping in
- A stop-loss should be tucked below the most recent swing low to protect your capital and avoid getting trapped in a reversal