Kernel long idea• Pair/Timeframe: KERNELDAO/USDT Perpetual Contract, 4H chart (WEEX).
• Current Price: ~0.2133 USDT (slightly down −0.79%).
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🔹 Market Structure:
• The price has been in a steady uptrend since early September, forming higher lows and pushing into resistance.
• Current movement shows consolidation near the 0.2139 zone, which was a previous resistance now acting as support.
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🔹 Trade Setup (Highlighted Box):
• Entry Zone: Around 0.2133 – 0.2139.
• Stop-Loss: Below support levels, around 0.2040 – 0.2015.
• Target (Take-Profit): ~0.2393 – 0.2527, with the upper resistance being the main target.
• Risk-to-Reward: Favorable setup, as the potential upside is significantly higher than the defined downside.
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🔹 Key Levels:
• Resistance Levels:
• 0.2139 (current breakout retest zone)
• 0.2393 (major resistance)
• 0.2527 (upper resistance / target area)
• Support Levels:
• 0.2064 (first support)
• 0.2040 (secondary support)
• 0.2015 (stop-loss zone)
• 0.1763 (major swing low)
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🔹 Indicators:
• Moving averages (short-term) are aligned upward, supporting bullish continuation.
• Volume shows increased activity during the recent breakout, adding strength to the trend.
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📈 Summary: The chart is showing a bullish continuation setup. As long as price holds above 0.2139 support, it has potential to rally toward 0.2393 – 0.2527. The stop-loss is well protected below 0.2040 – 0.2015.
