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【$KERNEL Signal】Pullback confirmation, bulls make a second push
$KERNEL 1H level pullback to EMA20 finds support, with the price repeatedly testing around 0.107. After a golden cross on the 4-hour MACD, the momentum slightly contracts but remains above the zero line overall. Open interest remains stable, with no signs of large-scale exit.
🎯Direction: Long
⚡Entry: Enter directly around the current price of 0.1070, or add positions on a pullback near 0.1050.
🛑Stop loss: Below 0.1030
🚀Target 1: 0.1180
🚀Target 2: 0.1280
🛡️Trade management:
- Execution strategy: After the price reaches 0.1180, reduce half of the position, and move the stop loss of the remaining position up to 0.1100 to break even. If the price cannot hold above 0.1100, exit all positions.
Order book data shows significant buy orders below 0.1070, indicating clear support from funds. The 1-hour RSI hovers around 70, with momentum not yet exhausted. Negative funding rates continue to squeeze the shorts, and in this environment, holding firm itself is a strong signal. The current risk-reward ratio is close to 1:3, making it worth a try.
Check real-time market 👇 $KERNEL
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