$KNC - Is a reversal expected after a sharp decline? 🔥

The KNC stock rebounded strongly after a sharp drop to $0.3233. Buyers reclaimed the $0.33 area, showing signs of reversal from the key support level.

📌 Key levels:

Support: $0.3233

Resistance: $0.3399

📊 Trading Setup:

Entry Area: $0.3320-$0.3350

First Profit Target: $0.3400

Second Profit Target: $0.3490

Stop Loss: $0.3215

📈 Importance of this setup: This rebound came with high trading volume, forming a potential higher low on the hourly timeframe. A breakout above the $0.3399 level could trigger new bullish momentum.

💡 Professional Tip: Look for a breakout candle above the $0.34 level with increasing trading volume for confirmation. Avoid early entry without a breakout signal.

⚡️ The reversal setup may be active - watch closely or take advantage of the rebound!

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