$KNC /USDT – SHARP REJECTION FROM $0.6206 FOLLOWED BY STRONG BREAKDOWN | SHORT TRADE SIGNAL

FAILED BREAKOUT TRIGGERS AGGRESSIVE SELL-OFF.

SUPPORT FLIPPED RESISTANCE AROUND $0.4860 NOW CAPPING UPSIDE.

$KNC spiked aggressively to $0.6206 but faced immediate rejection, resulting in a massive sell-off that wiped out prior gains. Price is now consolidating below $0.4860, a key level that previously acted as support. Bearish momentum is intact as sellers dominate after the bull trap, and a continuation lower looks likely if $0.4640 breaks.

Trade Setup:

• Short Entry: 0.4740 – 0.4820

• Take Profit Targets:

 TP1: 0.4600

 TP2: 0.4420

• Stop Loss: 0.4925

Market Outlook: As long as price remains below $0.4860, downside continuation is favored. A weak recovery bounce could offer a fresh short opportunity.

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