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KMNO's 4-hour chart is showing compression—candles are tightening up around the 5926 mark, which remains a critical supply zone to watch. Breaking above the 6143 trendline is the next hurdle; if it clears that, the 6291 level comes into play as a potential target. Failure to push higher? Then 5801 becomes your next support bounce point. The trading volume picture is interesting right now—inflows are picking up, suggesting some consolidation before the next move. Keep an eye on whether this builds into real momentum or just fades out.
The increase in trading volume is a good sign, but I'm hesitant, afraid of a fake breakout.
If 6143 can't be broken, then don't bother, just wait for the rebound to 5801 and that's it.
When will this market really start to move...
I'm optimistic about 6291, but it feels a bit uncertain.