【$KNC Signal】Pullback to go long, short squeeze expectations still in place

$KNC 1H level surge and pullback, price consolidating around 0.1625. After the large volume bullish candle on the 4-hour chart, buying momentum has weakened, and the price failed to hold above 0.17, but open interest remains stable, and funds have not exited significantly. Negative funding rate is as high as -1.11%, putting enormous pressure on short positions. The order book shows that buy orders below 0.1620 are significantly thicker than sell orders above, revealing the market’s support intent.

🎯Direction: Long

⚡Entry/Orders: Layered entries in the 0.1553 - 0.1593 range

🛑Stop-loss: 0.1510

🚀Target 1: 0.1920

🚀Target 2: 0.2085

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop-loss up to the entry price. If the price drops straight back into the entry zone, abandon this setup to protect capital.

The 1-hour MACD shows a dead cross of the fast and slow lines, indicating short-term momentum weakening, which provides a good opportunity for a pullback to go long. The middle band of the 4-hour Bollinger Bands at 0.1464 forms a strong support, and the current price remains in the upper half. Combined with the negative funding rate and stable open interest, there is a basis for a short squeeze. Liquidity often dries up in the early weekend hours, which can amplify volatility. The risk-reward ratio exceeds 4:1, making this setup worth a try.

Check real-time market 👇 $KNC
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