🚨 KNC/USDT Chart Alert: Short Setup Live! 📉 Sellers Dominating?
Price Action Breakdown
KNC/USDT hovering at $0.127 after sharp rejection from $0.132 highs. Your 15m/30m charts scream bearish: Price slashed through SAR(0.02,0.017) ~0.127, now below it confirming downtrend.
EMA20(0.127) flipped resistance, EMA50(0.126) next barrier. Bollinger Bands squeezing low (0.118-0.138), breakout south!
Technical Signals
•RSI(14): ~59-60, rolling over from overbought (yellow 59/66 lines).
•MACD: Histogram fading red, signal line crossover looming bearish.
•Volume: Green spikes on dumps (RSI-H ~94k), low on greens – distribution mode.
•24h Range: High $0.132, Low $0.117 – testing lows with SAR dot trailing!
SHORT Setup (High RR) ⚠️
Entry: 0.124-0.127 (SAR/EMA confirm)
Targets: T1: 0.117 (24h low, 5-7%), T2: 0.110 (SAR proj, 12%), T3: 0.105 (心理支持, 17%)
Stop Loss: 0.133 (24h high) – Risk 4%, Reward 1:4+
Invalidation: Close >0.132 w/ vol. Leverage 5-10x on Binance Spot/Futures
Market Context
KNC bleeding amid altcoin weakness, Binance margin tweaks (no spot impact). BTC resistance caps upside. Perfect dip for shorts before potential DeFi bounce? Post your take
LONG Alternative (If Reversal)
Wait for 0.117 hold + RSI>50 dive. Entry 0.118, T1:0.132 (8%). But momentum says NO for now.
$KNC $ZKP #knc #Altcoin