🔻 $KNC /USDT Parabolic Rally Cracks, Short Play Activated! 🛑
$KNCUSDT spiked hard, but the structure just snapped below key resistance at $0.5930. Weak bounces, selling pressure, and lower highs confirm a reversal is underway. Momentum is gone bears are taking over.
📉 Short Setup:
• Entry: $0.5805 – $0.5930
• TP1: $0.5000
• TP2: $0.4000
• TP3: $0.3325
• SL: $0.6807
📊 Market Insight:
Post-pump distribution phase is clear bulls are trapped at the top. If $0.5930 holds as resistance, expect a sharp slide to deeper support zones.