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The last dirty manipulation before growth - #KNC
📌The liquidity work below is very favourable, as well as the relatively short-term consolidation of three weeks.
At the moment I think the ideal scenario is a false takeout of POC($0.5949) to the upper boundary of the buyer's zone of interest.
📝After the 0.56$ stabbing, I expect to see a reversal formation and continuation of growth, with consolidation above #POC , test of 0.5 #Fibonacci level and full fil 4h imbalance at 0.7263$.
🔜I plan to enter the trade from аcurrent ($0.61-$0.56) levels.
🛑 Stop loss will be at the level of ($0.525)
✅First take ($0.6522)
✅Second takeout ($0.7263)
When the first take is reached, stop loss should be replaced to the entry price. Reaching the second take will be 29% of net movement.
