$KNC /USDT Trade Setup

๐Ÿ“Š Market Insight

$KNC is currently trading at $0.5527 (+3.37%), showing signs of a mild bullish recovery after bouncing off the recent low of $0.5100. The 24h high sits at $0.7550, indicating that price recently tested a much higher zone before retracing. With strong volume (207.06M KNC and $128.23M USDT), thereโ€™s renewed interest. The SAR is currently above price (SAR: $0.7170), suggesting the trend remains bearish unless a clear breakout happens.

๐ŸŽฏ Entry Zone

$0.5300 โ€“ $0.5550

Accumulate near support and on dips, but confirm with volume stability.

๐Ÿ“ˆ Targets

Target 1: $0.5830 โ€” Minor resistance

Target 2: $0.6550 โ€” Mid-range supply zone

Target 3: $0.7550 โ€” 24h high, strong resistance

๐Ÿ›‘ Stop Loss

$0.5100 โ€” Below key support and recent swing low.

๐Ÿ“Œ Key Levels

Support: $0.5100 / $0.4866 / $0.3898

Resistance: $0.5834 / $0.6802 / $0.7550

Pivot Level: $0.5520

๐Ÿ’ก Pro Tip

Watch for a breakout above $0.5830 with strong volume. If price closes above $0.6000, momentum could shift in bullsโ€™ favor rapidly. Avoid long entries if it breaks below $0.5100 with rising sell volume.

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