$KNC! Prioritize Short around 0.142-0.143, wait for confirmation signals on the 5-minute chart to avoid being "caught at the top", entering late might actually be better?
Selling pressure on #KNC is still heavy, although the smaller timeframe is trying to lift up. Large capital withdrawals are evident, and the Long side seems to be under "strain". The Short side holds the advantage in price and time; how much have they been forced to exit their positions?
The key point now is whether the Long side has enough strength to break through the nearest resistance zone, or if they will be pushed back again?
It is advisable to wait for a test of this price zone before deciding; don’t rush to "catch the bottom" without confirmation. Short now 📉
Selling pressure on #KNC is still heavy, although the smaller timeframe is trying to lift up. Large capital withdrawals are evident, and the Long side seems to be under "strain". The Short side holds the advantage in price and time; how much have they been forced to exit their positions?
The key point now is whether the Long side has enough strength to break through the nearest resistance zone, or if they will be pushed back again?
It is advisable to wait for a test of this price zone before deciding; don’t rush to "catch the bottom" without confirmation. Short now 📉
