$KNC /USDT BEARISH MOMENTUM PERSISTING ā SELLERS STILL IN CONTROL š
After a sharp rally to 0.6206, $KNC/USDT has faced consistent selling pressure, breaking below the mid-Bollinger band and heading towards the lower band. This confirms a continuation of bearish momentum unless strong support holds.
š Trade Setup:
Entry Zone: 0.4700 ā 0.4750
Take Profit 1: 0.4540
Take Profit 2: 0.4330
Stop Loss: 0.4980
š Market Outlook:
With price moving near the lower Bollinger band and sellers dominating, the market remains under bearish pressure. A strong bounce will only be considered if price reclaims the 0.4980 resistance.
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