$KNC /USDT BEARISH REVERSAL IN PLAY

KNC has seen a massive +81% move recently, but signs of exhaustion are emerging. After hitting a 24h high of $0.7550, price is now pulling back, currently trading at $0.5808. This suggests a potential bearish reversal unless bulls reclaim key levels.

KEY LEVELS:

🔹 Resistance:

$0.7000 – Major resistance zone

$0.6600 – Minor resistance

$0.6200 – Immediate resistance

Support:

$0.5500 – Critical near-term support

$0.5200 – Strong support

$0.5000 – Psychological support

TRADE SETUP – SHORT POSITION

🔸 Entry: $0.5800 - $0.6000 (on rejection below $0.6200)

🔸 Targets:

TP1: $0.5500

TP2: $0.5200

TP3: $0.5000

🔸 Stop Loss: $0.6300 (above minor resistance)

RISK MANAGEMENT

Risk only 1-2% of your capital per trade. Stick to your SL, and don’t chase price after a big move. Let the setup come to you. #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH #ETHBreaks3k #Write2Earn $KNC