🚀 $KERNEL is showing a potential technical setup!

The weekly chart displays a long-term corrective phase followed by a potential double bottom base forming near the 0.0400 support area.

📈 The Technical Setup:
• The Pattern: Macro Double Bottom / Reversal Base
• Short-term Target: 0.2200
• Macro Objective: 0.2400
• Market Structure: Reversal formation after extended downtrend

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.0400 - 0.0450
• Resistance: 0.1400
• Breakout Level: 0.0700
• Stop Loss / Invalidation: 0.0350

📊 Confirmation:
• Volume: Neutral/standard volume on visible chart
• Momentum: Strong bullish weekly impulsive candle forming at support base
• Trend: Potential macro trend reversal following consolidation

⚠️ Invalidation:
A decisive weekly close below the 0.0350 support level invalidates the reversal setup.

Patience is key while waiting for a confirmed breakout above current local resistance before expecting higher targets.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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