$KNC /USDT – Cooling Off After Monster Pump! 🔻

After exploding nearly +90% in a day, $KNC is now entering a cool-off phase. Price faced heavy rejection near $0.7550, and the structure is now forming lower highs with slowing momentum — a textbook sign of a short-term correction brewing.

📉 Short Trade Setup:

• Entry Zone: $0.6200– $0.6300

• Stop Loss: Above $0.6720

• Target 1 (TP1): $0.6000

• Target 2 (TP2): $0.5600

⚙️ Technical View:

Bearish divergence and fading volume on the lower timeframes suggest that bulls are temporarily exhausted. Price action is rejecting resistance zones cleanly.

⚠️ Risk Note:

If price flips back above $0.6720 with volume, exit the short — bulls may be reloading for a second leg up.

🧠 Strategy Breakdown:

This is a momentum fade short. After such a parabolic move, retracements are healthy and often sharp. The plan targets the next support zones while keeping risk tight in case of a surprise bounce.

📢 Follow for more:

For real-time crypto trade setups, market moves, and actionable ideas — make sure to follow @bullishbanteer 🚀📊