#KNCUSDT 🔥
Next to explode down or up?
I believe we will have a correction slightly beyond 61% fibo. And you?
🔥 Possible scenarios
🟥 Bearish Scenario (most likely in the short term)
Clear loss of support at 0.464x → volume enters → price seeks 0.44 or even 0.42, where the golden level of Fibo is.
🟩 Bullish Scenario (depending on the volume)
If the price holds at 0.4640 again with an increase in volume and breaks 0.49–0.50 with strength, we could see a new high above 0.60 quickly.
This will only happen if the institutional investors have loaded enough.
