🚨 Futures Strategy: $KNC USDT 🚨

The price dumped hard after a vertical pump to $0.72 → dropped to $0.51 (down 29%). The chart still shows bearish momentum, but a short-term technical bounce could occur.

🟢 Potential LONG (bounce play):

Entry: $0.495 – $0.510

Take Profit 1: $0.535

Take Profit 2: $0.560

Stop Loss: $0.482

📈 RSI is near 40 and starting to recover slightly. Bollinger Bands are narrowing, hinting at a potential short-term rebound.

👉 Suggested size: 0.3x position (high risk – bounce only)

🔴 Primary SHORT (trend continuation):

Entry: $0.532 – $0.545

Take Profit 1: $0.500

Take Profit 2: $0.460

Stop Loss: $0.562

📉 MACD remains negative, volume is drying up after the spike. If the price fails to reclaim $0.545, another leg down is likely.

👉 Suggested size: 1.2x position (favors trend)

Summary:

Weak bounce setup, resistance heavy around $0.56

Prioritize SHORT if price fails to break above $0.54

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