$KNC /USDT BEARISH ANALYSIS – REJECTION FROM MA(99), SHORT OPPORTUNITY EMERGING

📉 Current Price: $0.4553

🔻 24h Change: -2.28%

📊 24h Volume (USDT): $4.67M

📊 24h Volume (KNC): 10.26M

🔍 Technical Overview

Trend: Bearish Bias / Range Breakdown Risk

Price Action: After failing to break above the $0.4796 high and MA(99), KNC is slipping back toward support levels, currently just under MA(7).

Moving Averages:

MA(7) = $0.4557 ❌ (price slightly below)

MA(25) = $0.4526 ✅ (holding just above)

MA(99) = $0.4781 ❌ (clear rejection from this level)

⚠️ Price is caught between MA(25) and MA(7), with a clear downward rejection from the long-term MA(99) zone.

📉 Key Levels

Resistance:

R1: $0.4641

R2: $0.4783 – $0.4796 (MA99 zone & recent high)

R3: $0.4925

Support:

S1: $0.4499

S2: $0.4390 (24h Low)

S3: $0.4265 (next downside target)

💼 Trade Setup: SHORT

> 🔻 Entry Zone: $0.4550 – $0.4570

🎯 Targets:

TP1: $0.4499

TP2: $0.4390

TP3: $0.4265

🛡 Stop Loss (SL): $0.4641 (above resistance and local swing high)

⚠️ Risk Management

Use 1–2% capital risk per trade.

Consider partial exits at TP1, and trail stop after.

Keep Risk/Reward ≥ 1:2 for a sound trade strategy.

📌 Conclusion:

$KNC/USDT is showing signs of weakness, with repeated rejection from MA(99) and lower highs forming. Breakdown below $0.4499 would confirm bearish continuation toward $0.4265.

Bearish sentiment dominant – stay sharp and manage risk. 📉🛡️

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