$KERNEL Update: Parabolic Move—Time to Enter or Wait?
($KERNEL) is currently showing extreme bullish strength on the 1-hour chart, surging over +21% to reach 0.08576. The SuperTrend (10,3) is firmly green with a support floor at 0.07432, but the RSI(6) has spiked to 87.02, indicating the asset is heavily overbought and potentially due for a cooling-off period.
🎯 Trade Setup
EP (Entry): 0.08000 – 0.08400 (Wait for a slight pullback)
TP (Targets)
TP1: 0.08862 (24h High)
TP2: 0.09200
TP3: 0.09500
SL (Stop Loss): 0.07300
The price is currently battling immediate resistance at the 24h high of 0.08862, where significant sell-side liquidity is likely sitting. While the trend is parabolically bullish, a retest of the 0.074–0.077 zone would be a healthier sign for continued upside rather than chasing the current vertical move.
Do you think ($KERNEL) can sustain this pump to break 0.090 today, or are we looking at a sharp rejection?
Watching this level closely.
#kernel #KernelDao #bullish #TechnicalAnalysis #BinanceSquare
