$KNC
Short Liquidation Alert: $1.0253K at $0.58455
The bears have been squeezed as $1.0253K worth of KNC short positions were liquidated at $0.58455, pushing the price higher. This short squeeze could spark further bullish momentum if key resistance levels are breached.
1️⃣ Upside Scenario: If KNC maintains strength above $0.585, it could rally toward $0.60. Breaking this level might pave the way for a climb to $0.62 or beyond.
2️⃣ Downside Risk: Should momentum falter, KNC might retrace to test $0.57 as support. A dip below this level could trigger a move toward $0.55.
The market is showing signs of volatility, with increased potential for sharp price swings. Traders should stay alert for opportunities while managing risks carefully.
The next few hours could be crucial for KNC's direction—be ready to act decisively!