⚠️ Coin $KNC is experiencing a sharp sell rejection and is preparing for a downward correction wave
🔴 Technical direction: Strong sell rejection after recording a quick peak, followed by sharp red bearish candles
📍 Monitoring zone: 0.1225 – 0.1245
🎯 Correction price targets:
• Target 1: 0.1216
• Target 2: 0.1207
• Target 3: 0.1200
❌ Invalidation of the scenario: A 45-minute candle close above 0.1275
💡 Technical rationale: The price showed clear weakness after the last upward push, along with a decline in the momentum indicator. Even though it is still within the positive range and an upward bias is present, the most recent bearish candles suggest that the structural correction is favored.
🔴 Technical direction: Strong sell rejection after recording a quick peak, followed by sharp red bearish candles
📍 Monitoring zone: 0.1225 – 0.1245
🎯 Correction price targets:
• Target 1: 0.1216
• Target 2: 0.1207
• Target 3: 0.1200
❌ Invalidation of the scenario: A 45-minute candle close above 0.1275
💡 Technical rationale: The price showed clear weakness after the last upward push, along with a decline in the momentum indicator. Even though it is still within the positive range and an upward bias is present, the most recent bearish candles suggest that the structural correction is favored.
