Market Context: Following its mid-2024 launch and a 500% rally to ATH, KMNO is undergoing a retracement. The current bounce zone aligns with:
61.80% Fibonacci retracement 200-day EMA A flipped resistance line now acting as support. These confluences suggest a potential opportunity for a continuation to the upside.
Trade Details:
Entry Zone: $0.11 – $0.098 Take Profit Targets: TP1: $0.20 TP2: $0.35 TP3: $0.40 Stop Loss: Daily close below $0.085 This setup offers a favorable risk-to-reward ratio, with significant upside potential from this technical support zone. 📈
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