🛑$KNC
KNCUSDT
Perp
0.2221
-0.44%
BEARISH SETUP: POTENTIAL DOWNSIDE MOVE
The $KNC chart shows early signs of bearish pressure after price faced rejection near the 0.227–0.230 resistance zone. Lower highs on the 1H timeframe indicate sellers are gaining control. A break below immediate support at 0.2228 could trigger further downside, providing a shorting opportunity.
Entry: Short near 0.225–0.227 resistance
Targets:
TP1: 0.2228
TP2: 0.2200
TP3: 0.2175
Stop Loss: Above 0.230 resistance
Risk Management: Keep risk per trade at 1–2%, scale out partially at each target to secure profits.