📉 $KNC
BEARISH SETUP IN PLAY – WATCH FOR BREAKDOWN ⚠️
💰 Current Price: $0.3083 (-3.60%)
KNC is showing signs of weakness after repeated rejection below the $0.3198 resistance. Price is now hovering just above key support, eyeing a possible breakdown if buyers fail to step in.
📊 Key Technical Levels:
🔺 Resistance: $0.3198 – Recent intraday top
🔻 Support: $0.3030 – Breakdown zone
📍 Current Price: $0.3083 – Trading below mid-level EMA
📌 Trade Setup – SHORT Entry:
🔹 Entry: $0.3070 – On candle close below $0.3080
🎯 TP1: $0.3040
🎯 TP2: $0.3000
🛑 SL: $0.3145 – Above intraday lower high
💡 Trend remains pressured unless bulls reclaim $0.3160 with strength.
⚠️ Risk Management Reminder:
Keep position size in check—risk 1–2% max per trade. Stick to your SL and respect your plan. 📉🛡️