🔴 $KMNO /USDT – Rejection After Impulse | SHORT Bias
After a strong breakout push into 0.026 resistance, price printed clear rejection wicks and failed to sustain above the level.
Now structure is shifting…
Current Price: ~0.0247
📉 Market Structure Read
• Sharp impulsive expansion → exhaustion signs
• Multiple rejection wicks at 0.026
• Lower highs forming
• Momentum fading after breakout spike
• 0.024 acting as key intraday support
If 0.024 support cracks, continuation to the downside becomes highly probable.
🎯 Trade Plan – SHORT
Entry Zone: 0.0247 – 0.0260
TP1: 0.0235 (early liquidity tap)
TP2: 0.0225 (imbalance fill)
TP3: 0.0215 (trend continuation target)
⚠️ Invalidation: Strong reclaim above 0.026 with volume
🧠 Strategy Note
This is a rejection-based short, not blind selling.
Best confirmation: H1/H4 close below 0.024 with rising volume.
Manage risk properly. Partial profits at TP1 recommended.
