$KERNEL /USDT — Technical Breakdown (30M)

$KERNEL is showing signs of short-term exhaustion after a strong upward push. Price was rejected from the 0.062–0.064 supply zone and is now trading back below recent intraday highs. The structure shows weakening momentum, with long upper wicks and failed continuation attempts, indicating sellers stepping in.

As long as price remains below the 0.060–0.061 resistance area, a corrective move to the downside is favored. Loss of the current consolidation range would likely accelerate selling toward lower demand zones. A strong reclaim and hold above resistance would invalidate the bearish setup.

Trade Setup

Entry Range: 0.0580 – 0.0592

Target 1: 0.0565

Target 2: 0.0550

Target 3: 0.0535

Stop Loss: 0.0615

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