I’m going to open a BIG LONG on $KMNO here.
TP: $0.0405
SL: $0.0365
Now the question is: why long after such a heavy sell-off?
Because that dump already did the job of flushing late sellers and weak hands out.
Price got pushed lower, everyone started reading it as bearish continuation, but now the move is struggling to extend properly.
From here, I think it may only take a few candles — maybe even one strong green candle — to start the real squeeze.
There’s still a lot of liquidity sitting higher from those late shorts, and that’s the area I’m targeting.
So for me, the setup is still simple on $KMNO:
Late sellers entered low.
Momentum is fading.
Liquidity is above.
Now I’m waiting for the market to start clearing them out.
TP: $0.0405
SL: $0.0365
Now the question is: why long after such a heavy sell-off?
Because that dump already did the job of flushing late sellers and weak hands out.
Price got pushed lower, everyone started reading it as bearish continuation, but now the move is struggling to extend properly.
From here, I think it may only take a few candles — maybe even one strong green candle — to start the real squeeze.
There’s still a lot of liquidity sitting higher from those late shorts, and that’s the area I’m targeting.
So for me, the setup is still simple on $KMNO:
Late sellers entered low.
Momentum is fading.
Liquidity is above.
Now I’m waiting for the market to start clearing them out.