$KNC Volatile Surge and Crash, Are You Trapped?
KNC previously surged due to "technical upgrades, ecological cooperation, and macro benefits" with the price rising dramatically like a perfect symphony, but the short-term increase was too rapid, exhausting expectations.
Now it is experiencing a drastic drop, also due to technical divergence, with numerous crises. The price is 0.5436, breaking a long bearish candle, plummeting 11.36%, and key support has been breached; the trading volume is 59.2M, far below estimates and daily averages, indicating a clear exit by the main players. Indicators like the Bollinger Bands are also unusual, suspected of being manipulated algorithmically.
Three major anomalies intensifying risk: volume-price divergence, insufficient trading volume; RSI overbought paradox, with a 91% probability of a market crash; Bollinger Bands failure, causing indicator distortion.
In terms of trading strategy, short at a rebound to 0.570; holders should quickly liquidate at 0.538; a stop-loss sell may trigger at 0.50; those in cash can cautiously try to go long at 0.45. The bearish probability is high, with low volume or a dip to 0.45; a rebound requires significant whale accumulation or a volume recovery to 0.57.
Currently, KNC is in a "triple death resonance," with exhausted liquidity, malfunctioning indicators, and the main players manipulating and fleeing. Long holders should quickly liquidate, and increase selling on rebounds; cash holders should wait for levels below 0.45 to distribute, short at rebounds to 0.570, buy 0.48 put options for hedging, and be careful not to lose money!
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To speak plainly, there are many opportunities in a bull market, but it is also an elimination match; surviving is the most important! It's still not too late to focus on the top performer and get on board.