📢 $KNC / USDT | 🔴 SHORT | ⭐ 75%
🎯 Target: $0.11909418. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.1208
🛑 Stop Loss: $0.121748
🏁 TP1: $0.119094
🏁 TP2: $0.118147
🏁 TP3: $0.117009
📈 Analysis:
The market structure shows a clear downtrend, with lower lows and lower highs on the 4-hour time frame. We are currently seeing a bearish break of support levels, accompanied by a significant 67% increase in volume, suggesting greater selling pressure on the asset. The combination of this technical structure and the increase in open interest highlights this move toward lower levels.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 Relative volume measures how much more an asset is being traded compared to its recent average; a value above 1 indicates unusually high activity.
#crypto #KNC #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions carefully.
🎯 Target: $0.11909418. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.1208
🛑 Stop Loss: $0.121748
🏁 TP1: $0.119094
🏁 TP2: $0.118147
🏁 TP3: $0.117009
📈 Analysis:
The market structure shows a clear downtrend, with lower lows and lower highs on the 4-hour time frame. We are currently seeing a bearish break of support levels, accompanied by a significant 67% increase in volume, suggesting greater selling pressure on the asset. The combination of this technical structure and the increase in open interest highlights this move toward lower levels.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 Relative volume measures how much more an asset is being traded compared to its recent average; a value above 1 indicates unusually high activity.
#crypto #KNC #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions carefully.
