⚠️ $KNC /USDT – Cooling Off After the Hype Pump! 🔻💥

$KNC exploded with a monster +67% rally, peaking at $0.7550 — but the euphoria is fading fast. Price is now printing lower highs with aggressive red candles on the 30-minute chart, signaling profit-taking and exhaustion. A short-term pullback is likely as momentum shifts in favor of sellers.

📉 Short Trade Setup:

• Entry Zone: $0.5485 – $0.5545

• Target 1 (TP1): $0.5300

• Target 2 (TP2): $0.5150 ✅

• Stop Loss (SL): $0.5820

⚡ Technical View:

The sharp rejection wick at the top and consistent sell volume indicate a distribution phase. Structure is breaking down with bearish engulfing candles.

🛡 Risk Note:

A move back above $0.5820 could trigger another leg up — SL placement is critical in this high-volatility setup.

🔄 Strategy Breakdown:

We're fading the parabolic pump with a mean-reversion short setup. The entry targets a retracement toward key intraday support levels as price cools down from overextended highs.

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