💣BREAKING: $KNC about to EXPLODE (or implode?)🟢💀We've got a volatile situation unfolding in the KNC market, with prices hovering below the EMA200, indicating a bearish trend. The low and thin volume📉is a major concern, as it can lead to rapid price movements. Will KNC bounce back or continue its downward spiral? Stay tuned for our trading setup!⚠️
KNC | SHORT🔴
💰Price: $0.22
📊Market Dashboard:
• Vol: $2.17M | OI: $1.82M
• Range: 0.21 - 0.22
• Funding: 0.0100%
• Mark: 0.22190812 | Index: 0.22225312
🎯Entry Zone: 0.223 - 0.224 (Above current price, considering bearish trend and low volume)
🛑Stop Loss: 0.226 (Calculation: 1.5x ATR (0.0035) + market context adjustment)
💰Targets:
1. 0.218 (TP1: Safe, below current price, considering bearish trend)
2. 0.212 (TP2: Swing, targeting the lower end of the range)
3. 0.200 (TP3: Moonbag, aiming for a potential breakout)
⚖️Leverage: Cross 8x-12x (Adjusted for High (1.56%) Volatility)
🔑Key Drivers:
- Low and thin volume📉
- Bearish trend below EMA200
- High volatility (1.56%)
⚠️RISK WARNING: High leverage = High risk. Manage your bankroll!
⚠️CTA:👉Don't trust me? Click the chart and verify yourself📉
#knc #cryptotrading #VolatilityMatters
