📉 $KERNEL / USDT — Short Opportunity: Resistance Rejection 🔻
The price of $KERNEL has recently bumped into a heavy supply zone between $0.070 – $0.072. Technical indicators across multiple timeframes suggest that this corrective bounce is losing steam, with the Relative Strength Index (RSI) starting to curl downwards after hitting neutral levels.
🎯 The Short Strategy
* Short Entry: $0.06990 – $0.07000
* Market Bias: Bearish Continuation 🔴
* Conviction: High (End of Staking Promo + Technical Resistance)
🚀 Take Profit (TP) Targets
* TP1: $0.0670 – $0.0650 (Recent support flip)
* TP2: $0.0630 – $0.0600 (Major psychological floor & liquidity pool)
🛡 Risk Management
* Stop-Loss (SL): $0.07300
* Note: A 4H candle close above $0.073 would invalidate this bearish setup, suggesting a move toward $0.080 instead.
🔍 Rationale: The "Unlock" Pressure
* Promotional Fatigue: The recent surge in 24h volume (up 200%) indicates localized hype that often leads to a "blow-off top" when exchange incentives end.
* Macro Resistance: On the daily chart,
remains below its 50-day SMA ($0.0809), keeping the long-term trend firmly in the hands of the bears.
* Liquidity Drain: As Bitcoin dominance hovers near 60%, liquidity is being drained from mid-cap alts like KernelDAO, making them vulnerable to sharp downward corrections.
⚠️ Warning: Manage your position size carefully. The end-of-year holiday liquidity can cause erratic price wicks.
💬 Are you shorting the "Staking Exit" or do you think $KERNEL holds the $0.070 level into 2026? Let’s discuss below! 👇
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