Keep an eye on $KNC as it navigates a bit of a tug-of-war between timeframes. While the 5-minute chart is showing some bullish life, the broader trend across the 15-minute, 1-hour, and 4-hour windows remains decidedly bearish.
At the current price of 0.0953, we are essentially watching a pullback play. The short-term bounce is testing the overhead structure, but with the higher-timeframe momentum still pointing down, the focus remains on whether this rally runs out of steam.
Resistance is sitting close by at 0.0958 and 0.0965. If the bearish trend reasserts itself, the immediate targets to the downside are 0.0949 and 0.0945. For now, entry confirmation is still pending—it pays to be patient while waiting to see if this minor strength is just a breather before further downside.
At the current price of 0.0953, we are essentially watching a pullback play. The short-term bounce is testing the overhead structure, but with the higher-timeframe momentum still pointing down, the focus remains on whether this rally runs out of steam.
Resistance is sitting close by at 0.0958 and 0.0965. If the bearish trend reasserts itself, the immediate targets to the downside are 0.0949 and 0.0945. For now, entry confirmation is still pending—it pays to be patient while waiting to see if this minor strength is just a breather before further downside.
