$KNC 1H momentum decay—waiting for a pullback to add longs

RSI has surged to 87; the buy-side depth ratio is 0.93, and the willingness to buy at high levels is weak. The upper band of the 4H Bollinger Bands at 0.1641 has been left behind, but the 1H MACD histogram continues to shorten, showing that momentum is fading. The funding rate is -1.345%; shorts are heavily positioned—once price retraces to a key support, it may easily trigger a short squeeze. The current price is away from the usual correction range, so the risk-reward for chasing longs is not favorable.
🎯 Direction: Wait and observe (place orders to go long)
⚡ Entry/Order: 0.1468 - 0.1717 (recommended to place orders in the 0.1468-0.1480 range)
🛑 Stop loss: 0.1431
🚀 Target 1: 0.1542
🚀 Target 2: 0.1579
🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to breakeven. If the price falls back to the entry level, exit automatically to protect capital.
With a negative funding rate, shorts are sitting on unrealized losses; once price stabilizes and rebounds, it will accelerate closing positions and push the price higher. But the 1H top structure has not been broken—waiting patiently for a pullback confirmation of support before re-entering is safer.
View real-time market 👇 $KNC
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