*🔴$KNC /USDT – Short Trade Setup (High-Risk Reversal Play)*
👀Given the massive +117% daily candle and potential news-related spike (delisting notice), this is a high-risk but potentially rewarding short setup if the move was speculative or exaggerated.
*⛔️Entry Zones:*
- Ideal re-entry if price rejects *0.71–0.72* (today’s high)
- Aggressive short if price breaks below *0.66–0.64* with volume
*🎯Targets:*
- *TP1*: 0.61 (intraday support)
- *TP2*: 0.55 (gap-fill zone)
- *TP3*: 0.48 (mid-structure prior to breakout)
*🛑Stop-Loss:*
- Above *0.73*, or tighter at *0.715* (if entering on rejection)
*👉🏻Indicators to Watch:*
- Bearish divergence on RSI/MACD on lower timeframes (15m–1h)
- Volume drop or selling pressure increasing on pullbacks
⚠️ Important:
- This setup assumes *exhaustion* after a parabolic move.
- If price consolidates above *0.71*, abort short — trend continuation possible.
- Monitor Binance news — delisting volatility can distort normal patterns.