$KNC
/USDT BULLISH SETUP: LONG ENTRY OPPORTUNITY
Technical Analysis:
$KNC/USDT has shown strong support near the 0.2845 level, confirming a potential bullish reversal. The recent price structure indicates a higher low formation, while the 4H and 1D charts suggest upward momentum building. Key resistance zones to watch are 0.3086 and 0.3415, which align with previous supply layers. A break above these levels could accelerate bullish momentum toward 0.3888 and 0.4027 as potential targets.
Trade Setup:
Long Entry: 0.2993 – 0.3086
Target 1 (TP1): 0.3415
Target 2 (TP2): 0.3888
Stop Loss (SL): 0.2845
Risk Management:
Always risk 1–2% of your trading capital per trade. Maintain discipline by adjusting SL to break-even once TP1 is achieved to protect profits.
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