KMNO - Pullback to Support, Eyes Back on 0.085–0.0875?

[theSignalyst]

KMNO spiked into the 0.085–0.0875 resistance and rejected, then pulled back toward the 0.070–0.0725 support. Structure remains constructive while price holds above this reclaimed base.

This zone is key . It’s prior resistance turned support and lines up with the current reaction area—clean confluence for dip buyers. If bulls defend 0.070–0.0725, I’ll look for continuation toward 0.085–0.0875, then 0.095–0.100 on momentum .

If 0.070 fails on a daily close, I’ll stand aside and watch 0.052–0.050 for the next higher-timeframe demand test before reassessing.

What’s your move — buy the retest at 0.070–0.0725 or wait for a clean push back above 0.085?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr