$KNC USDT – Price Falling Fast! Short Trade Idea

Current Price: $0.5779

Today’s Change: +79.42%

Volume (24h): 184M KNC

Why Sell KNC Now?

KNC went up very fast but now price is falling strongly. It dropped from $0.7550 to $0.5779 in a short time. Big red candles are showing sellers are in control. If it breaks the $0.56 support, the price can fall more.

Important Price Levels:

Support (price may stop falling): $0.56 and $0.52

Resistance (price may bounce): $0.62 and $0.66

Trade Plan (Sell Setup):

Sell Between: $0.5750 – $0.5900

Stop Loss: Above $0.62

Target 1: $0.5600

Target 2: $0.5550

Target 3: $0.5500

In Short:

KNC is going down fast after a big move up. Many traders are now taking profit. If the price falls below $0.56, we may see a big drop. This can be a good short trade for both spot and futures.