$KERNEL is pulling back sharply after facing a strong rejection at the highs.
SHORT $KERNEL
Entry: 0.0580 – 0.0600
TPs: 0.0510 | 0.0460 | 0.0405
SL: Above 0.0715
Why Short?
➡️ KERNEL has encountered intense selling pressure after failing to sustain momentum near the 0.07120 resistance peak.
➡️ Price action has drifted back down to 0.05879 as buyer enthusiasm begins to cool.
➡️ On the 1-hour chart, the MACD indicator shows growing bearish momentum with a negative crossover, while the RSI sits low at 35.1, pointing to a continuation of the correction down toward the 0.04057 demand baseline.
SHORT $KERNEL
Entry: 0.0580 – 0.0600
TPs: 0.0510 | 0.0460 | 0.0405
SL: Above 0.0715
Why Short?
➡️ KERNEL has encountered intense selling pressure after failing to sustain momentum near the 0.07120 resistance peak.
➡️ Price action has drifted back down to 0.05879 as buyer enthusiasm begins to cool.
➡️ On the 1-hour chart, the MACD indicator shows growing bearish momentum with a negative crossover, while the RSI sits low at 35.1, pointing to a continuation of the correction down toward the 0.04057 demand baseline.
