🟢 Market Movement
Current Price: $0.6118
Intraday Range: Low at $0.3162, High at $0.7108
Change Today: +0.91%
This indicates strong intraday volatility with a sizeable +93% surge from the low of the day
📈 Short-Term Benefit & Trade Insight
**High Intraday Volatility**
With the range crossing nearly doubled intraday, traders could benefit from scalping—buying near intraday lows ($0.32) and selling toward highs ($0.71).
🔧 Tip: Use tight stop-losses and monitor liquidity on your exchange.
Momentum Play
A 93% jump suggests aggressive momentum—momentum traders might ride the wave but should also prepare for sharp reversals.
🔧 Tip: Consider trend indicators (e.g., moving averages or RSI); exiting if signs of exhaustion or divergence appear.
Risk Control is Crucial
High volatility means high risk. A small adverse move can wipe out profits.
🔧 Tip: Implement strict position sizing, stop-losses, and avoid overexposure.
Technical Levels to Watch
Support Zone: ~$0.32–0.35 — strong intraday floor
Resistance Zone: $0.70–0.75 — recent intraday high
Wait for a break + retest of resistance for clean entry, rather than chasing the peak.
📌 Final Take
Opportunity: Yes, today's explosive range could yield strong short-term gains, especially through scalp or breakout trades.
Caution: Market-wide sentiment and risk appetite can shift quickly—volatility cuts both ways.
Set clear entry, exit, and stop-loss levels based on technical zones
Monitor real-time price action—volatility can work both for and against you
Always trade with sound risk management
Bottom line:
There is today’s potential for beneficial trades in KNC—but it's a high-risk, high-reward environment. For seasoned traders, short-term setups (scalping/momentum) may work well. If you’re less experienced or risk-averse, you might consider waiting for clearer trend confirmation or lower-volatility conditions.