【$KNC Signal】Pullback support + Negative fee rate short squeeze

$KNC 1H MACD death cross, price drops from 0.193 to 0.168, Bollinger middle band at 0.1624 forms short-term support. 4H MACD bullish bars contract but funding rate is -1.3072%, short position costs are very high. Depth buy/sell ratio is 1.16, buy orders slightly favored. Although the risk/reward ratio is somewhat weak, the short squeeze momentum under a negative fee rate environment cannot be ignored.

🎯Direction: Long (Pending order)

⚡Entry/Order: 0.1620 - 0.1630 (recommended within this range)

🛑Stop loss: 0.1450

🚀Target 1: 0.1681

🚀Target 2: 0.1688

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss up to 0.1620 to break even. If price falls below entry level, automatically exit.

Depth logic: 1H RSI 59.95, not overbought; 4H RSI 64.64, still room to go higher. Negative fee rate remains high, forced short covering will push prices up. Watch the buy support around 0.1620; if volume increases and price stops falling, enter quickly.

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