🔴 Distribution Pullback in Play — Kyber Network Crystal
$KNC /USDT SHORT SETUP
Sharp upside spike met heavy rejection near the $0.1780 supply zone. Since then, price has been printing consistent lower highs on the 1H timeframe — clear signs of distribution. Bulls failing to reclaim the $0.1500 resistance keeps downside pressure active.
📊 Trade Plan:
Sell Zone: $0.1450 – $0.1500
🛑 Stop Loss: $0.1600
🎯 Targets:
TP1: $0.1380
TP2: $0.1300
TP3: $0.1200
Failure to sustain above $0.1450 increases probability of continuation toward deeper demand zones. Structure favors sellers unless key resistance is reclaimed with strength.
Precision entries. Strict risk management. Let structure confirm the move. 📉💰
#knc #cryptotrading #ShortSetup