$KNC /USDT BEARISH BREAKDOWN BELOW KEY SUPPORT! 🔻📉

KNC/USDT has turned bearish after breaking below a key support zone, signaling potential downside in the coming sessions.

📍 Current Price: $0.4675

🔻 24h Change: -7.79%

📉 24h Low: $0.4600

📈 24h High: $0.5096

🔑 KEY LEVELS:

Resistance Zones:

$0.4850 – Previous support turned resistance

$0.5090 – Strong supply zone

Support Zones:

$0.4600 – Immediate support (being tested)

$0.4450 – Next strong demand zone

📌 TRADE SETUP: SHORT POSITION 💣

Entry: $0.4670 – current price near broken support

Stop Loss (SL): $0.4855 – above resistance

Take Profit (TP):

TP1: $0.4540

TP2: $0.4450

TP3: $0.4300 (extended target if breakdown continues)

📊 Risk Management 🛡️:

Use 1-2% of your capital per trade, keep R:R ratio above 1:2, and adjust lot size based on your stop loss distance.

Stay sharp. Bear in mind – trend is your friend until it bends. #USCryptoWeek #MemecoinSentiment #StrategyBTCPurchase #TradingStrategyMistakes #Write2Earn $KNC