$KERNEL impulsive expansion followed by controlled pullback above reclaimed support.
Trade Direction:
Long (Bullish)
Entry:
0.0568 – 0.0575
Stop Loss:
0.0548
TP1:
0.0600
TP2:
0.0635
TP3:
0.0660
Explanation
I’m seeing a sharp upside expansion that swept liquidity above the prior range and printed a clear high near 0.0638. Price then pulled back in an orderly manner rather than aggressively distributing. The pullback is holding above the prior breakout zone around 0.056–0.057, which confirms acceptance. Sellers are showing limited follow-through, while buyers continue to defend higher lows. Momentum has cooled but structure remains constructive as long as support holds.
Final execution note.
I’m maintaining a long bias while price holds above invalidation; a clean loss of that level would invalidate the setup and shift my bias to neutral.
KERNEL
0.0683
+10.69%