KMNO Long Opportunity

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. 📈