$KNC USDT BEARISH BREAKDOWN CONFIRMS SHORT-TERM DOWNTREND
$KNC USDT has failed to sustain momentum above its recent resistance at 0.4360 and is now forming lower highs while testing support around 0.4140. The price action suggests a potential bearish continuation if support is broken, aligning with declining volume and MACD weakness.
Short Entry: Below 0.4130
Take Profit Targets (TP):
TP1: 0.4050
TP2: 0.3960
TP3: 0.3870
Stop Loss (SL): 0.4310
Risk Management: Use 1-2% of your capital per trade and trail stop after TP1 for profit protection.
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