【$KNC Signal】Pullback to go long, capital support exposure revealed

$KNC After a violent surge on the 1H timeframe, a pullback occurs, with a gap in buying orders. Chasing the current price higher is essentially giving money to the main players. RSI spikes to 77, indicating overheated momentum, a healthy correction is needed to digest profit-taking. The 4-hour chart has just broken out of a long-term consolidation zone, signaling a shift in the overall structure.

🎯Direction: Pullback to go long

⚡Entry/Order: Accumulate around 0.148 - 0.152

🛑Stop Loss: Below 0.145

🚀Target 1: 0.1685

🚀Target 2: 0.1768

🛡️Trade Management:
- Execution Strategy: Half position at Target 1, move the stop loss of the remaining position up to the entry price. If the price cannot hold above 0.152, exit immediately and observe.

Order book depth shows heavy orders around 0.175 below, indicating strong support from capital, a sign that the bulls are reluctant to give up. Open interest remains stable after the price surge, suggesting the decline is not purely due to long liquidation but more like a deliberate shakeout. In a negative funding rate environment, shorts have no strong short-term attack intention, providing room for a second rally after the pullback. The current risk-reward ratio is close to 2.5, making it worthwhile to use a small stop loss to bet on trend continuation.

Check real-time market 👇 $KNC
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