$KNC /USDT Trade Setup (4H Chart)
Market Insight:
$KNC is up +15.70% in the past 24 hours, showing strong bullish momentum. Price has bounced significantly from the low of 0.4222 to a high of 0.5406, currently consolidating near 0.4996. Volume is healthy with rising moving averages (MA-7 > MA-25 > MA-99), confirming short-term trend strength.
Entry Zone:
š¹ $0.4850 ā $0.5050 (ideal buy zone on minor dips or consolidation)
Targets:
šÆ Target 1: $0.5200
šÆ Target 2: $0.5400
šÆ Target 3: $0.5650
Stop Loss:
ā $0.4650 (just below the recent breakout and MA cluster)
Key Levels:
Support: $0.4680 / $0.4420 / $0.4220
Resistance: $0.5200 / $0.5400 / $0.5650
Pivot Zone: ~$0.4930 (MA-7)
Pro Tip:
A minor pullback toward MA-7 (0.4933) or the $0.485 area could offer a good risk-reward entry. Watch for bullish continuation candles or volume spikes before entry confirmation. Avoid chasing above $0.520 without consolidation.
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