📊 $KNC /USDT Trade Analysis – Pullback Opportunity or Breakdown Risk?
KNC is currently trading at $0.3116 (+0.13%), just below all three EMAs, signaling short-term weakness. The price has bounced off the $0.3030 support but is struggling to reclaim strength above the EMA(7) and EMA(25), which sit at $0.3133 and $0.3148 respectively.
🔎 Key Technical Levels:
Resistance Zone: $0.3148–$0.3187 (EMA cluster + 99 EMA)
Immediate Support: $0.3030 – a break below this could trigger a deeper pullback.
Short-term bulls may need stronger volume to regain bullish control.
📈 Trade Plan:
Entry: $0.3116
TP1: $0.3197
TP2: $0.3242
Final TP: $0.3290
Stop Loss: $0.3025
⚠️ Caution advised. Wait for a strong candle close above $0.315 to confirm upward momentum before scaling in heavily.