$KNC is showing hesitation right after a strong climb, with sellers reacting near the local resistance zone.
On the 15m chart, price rejected the 0.1216–0.1246 area and has started slipping lower. If the current weakness continues, the marked setup points toward a deeper retracement.
$KNC — SHORT
Entry: 0.1205–0.1216
TP1: 0.1185
TP2: 0.1165
TP3: 0.1149
SL: 0.1246
Why this setup? Rejection from resistance after an extended upward move.
A sustained break above 0.1246 invalidates the setup.
Will KNC continue the pullback toward 0.1149?
On the 15m chart, price rejected the 0.1216–0.1246 area and has started slipping lower. If the current weakness continues, the marked setup points toward a deeper retracement.
$KNC — SHORT
Entry: 0.1205–0.1216
TP1: 0.1185
TP2: 0.1165
TP3: 0.1149
SL: 0.1246
Why this setup? Rejection from resistance after an extended upward move.
A sustained break above 0.1246 invalidates the setup.
Will KNC continue the pullback toward 0.1149?
