Post-Pump Distribution on $KNC USDT Short Setup
Short – KNC/USDT
Entry: 0.1655 – 0.1685
SL: 0.1812
TP1: 0.1550
TP2: 0.1465
TP3: 0.1385
KNC shows a classic post-spike distribution after a sharp impulsive move upward. Price is failing to hold higher levels and forming lower highs under a clear supply zone. The current consolidation near support looks weak, indicating absorption rather than strength. As long as price remains below 0.1812, this favors a downside continuation toward the inefficiency left below and liquidity around the 0.14 region.