$KMNO – Rejection from resistance with bearish pullback.
Short $KMNO
Entry: 0.0240 – 0.0246
SL: 0.0255
TP1: 0.0230
TP2: 0.0220
TP3: 0.0212
Price made a strong impulse move up from the 0.02125 support zone and tapped the 0.02522 resistance area where sellers stepped in. After the bullish expansion, price started showing rejection with consecutive red candles.
Now price is trading below the local resistance with increasing selling pressure. If price stays below the 0.0246 resistance zone, continuation toward lower liquidity zones becomes highly probable.
As long as 0.0255 resistance holds, the bearish pullback structure remains valid.
Trade #KMNO here 👇
Short $KMNO
Entry: 0.0240 – 0.0246
SL: 0.0255
TP1: 0.0230
TP2: 0.0220
TP3: 0.0212
Price made a strong impulse move up from the 0.02125 support zone and tapped the 0.02522 resistance area where sellers stepped in. After the bullish expansion, price started showing rejection with consecutive red candles.
Now price is trading below the local resistance with increasing selling pressure. If price stays below the 0.0246 resistance zone, continuation toward lower liquidity zones becomes highly probable.
As long as 0.0255 resistance holds, the bearish pullback structure remains valid.
Trade #KMNO here 👇