$KNC /USDT Trading Strategy

Market Insight:

$KNC surged +41.60% in the past 24 hours, hitting a high of $0.4698 from a low of $0.3121. This sharp move signals strong bullish momentum, with volume confirming the breakout (KNC Vol: 17.32M, USDT Vol: 6.56M). However, price is currently approaching overbought levels as it nears upper Bollinger Band resistance.

Entry:

Buy Zone: $0.4200 – $0.4400

Wait for a minor retracement from current levels (~$0.45) to get a better risk-reward setup.

Targets:

🎯 Target 1: $0.4750 – retest of the recent high

🎯 Target 2: $0.4950 – psychological level, also near Fib extension zone

🎯 Target 3: $0.5250 – extended rally target if momentum continues

Stop Loss:

$0.4050 — below recent consolidation and mid-Bollinger Band, provides cushion against false breakouts.

Key Levels:

Support: $0.4200 / $0.3933 / $0.3500

Resistance: $0.4698 / $0.4785 / $0.4950

Pivot Zone: $0.4350 (watch for price reaction here)

Pro Tip:

Volume-backed breakouts are powerful, but a cool-off is likely after a 40%+ spike. If you're late, let price settle or form a bullish flag before re-entering. Don’t chase – use scaling entries or set limit orders near retracement zones.

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