【$KNC Signal】Pullback to Long/Short Squeeze Structure

$KNC 1H level rebounds and then falls back, current price 0.1687. The 4-hour MACD shows a bullish crossover above the zero line, indicating strong bullish momentum, but the 1-hour MACD histogram begins to shrink, showing short-term upward momentum is weakening. The order book depth is solid, with a large number of buy orders accumulated in the 0.1670-0.1675 range, clearly indicating support from funds. Open interest remains stable, and the price has pulled back from high levels without triggering panic selling, which is a healthy correction.

🎯Direction: Long

⚡Entry/Orders: Layered entries between 0.1540 - 0.1580

🛑Stop Loss: 0.1495

🚀Target 1: 0.1920

🚀Target 2: 0.2090

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.1580, consider exiting early.

Currently, the negative funding rate is as high as -1.53%, indicating significant cost pressure on short positions and potential for a short squeeze. The 1-hour RSI has fallen back from the overbought zone to around 63, providing room for another upward move. The upper band of the 4-hour Bollinger Bands is at 0.1708; after the first breakout, a pullback to the middle band is a typical bullish accumulation pattern. This risk-reward ratio justifies using part of the position to bet on a secondary rally.

Check real-time market 👇 $KNC
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