🔴 $KERNEL /USDT 1H — Pullback After Strong Pump
KERNEL exploded from around $0.043 to $0.0712, but the rejection from the high has started a short-term correction.
Price is now below MA7 ($0.06087) and testing MA25 ($0.05671). Volume remains elevated, while Stoch RSI is deeply oversold.
Because of the oversold condition, I don't want to chase the SHORT at current price. I'm watching for a bounce into resistance first.
🔻 SHORT: $0.0598–0.0620
🛑 SL: $0.0652
🎯 TP1: $0.0567
🎯 TP2: $0.0520
🎯 TP3: $0.0467
⚠️ If price reclaims and holds $0.062–0.065, this short setup becomes weaker.
Plan: wait for the bounce → rejection → then short.
#KERNEL #KERNELUSDT #Crypto #Binance #Altcoins #trading