๐จ Guys, $KMNO just hit a massive rejection wall after a +28% pumpโget ready for a short drop! ๐จ
Short Trade Position: $KMNO Perp
Entry Zone: 0.03550 โ 0.03630
๐ฏ TP1: 0.03400
๐ฏ TP2: 0.03200
๐ฏ TP3: 0.02865
๐ Stop Loss (SL): 0.03857
๐ Why this short position?
Overextended Pump: KMNO surged nearly +28% into local resistance around 0.03734, where buying momentum heavily stalled.
Bearish Rejection: The 1-hour chart shows top wicks rejecting the high levels, signaling that sellers are stepping in to take profits.
R/R Alignment: Setting the Stop Loss right above local resistance at 0.03857 offers an excellent risk-to-reward ratio targeting a retracement back toward the key liquidity level at 0.02865.
Click here to Trade ๐๏ธ
Short Trade Position: $KMNO Perp
Entry Zone: 0.03550 โ 0.03630
๐ฏ TP1: 0.03400
๐ฏ TP2: 0.03200
๐ฏ TP3: 0.02865
๐ Stop Loss (SL): 0.03857
๐ Why this short position?
Overextended Pump: KMNO surged nearly +28% into local resistance around 0.03734, where buying momentum heavily stalled.
Bearish Rejection: The 1-hour chart shows top wicks rejecting the high levels, signaling that sellers are stepping in to take profits.
R/R Alignment: Setting the Stop Loss right above local resistance at 0.03857 offers an excellent risk-to-reward ratio targeting a retracement back toward the key liquidity level at 0.02865.
Click here to Trade ๐๏ธ
