$KNC/USDT – Bullish Momentum Building! 🚀

The $KNC/USDT trading pair shows a promising bullish trend, currently priced at 0.5015 USDT, recovering from a recent low of approximately 0.4777 USDT. This suggests robust buying strength as the market approaches a critical resistance level.

Key levels to watch:

Resistance: 0.5067 USDT – A break above this level may trigger further upward movement.

Support: 0.4971 USDT – A significant area worth monitoring for strong buying interest.

📊 Trade Setup:

Bullish entry: Consider entering between 0.5005 - 0.5067 USDT.

Target 1: 0.5100 USDT

Target 2: 0.5150 USDT

Stop loss: 0.4960 USDT

Bearish entry: If the price reverses below 0.4971 USDT.

Target 1: 0.4900 USDT

Target 2: 0.4850 USDT

Stop loss: 0.5020 USDT

Market Outlook:

Current price action indicates that buyers are in control, with increased volume at the support level. A confirmed closing price above 0.5067 USDT could lead to further gains. However, a rejection at this level may attract sellers back into the market.

⚠️ Risk Management:

Always utilize proper position sizing. Risk 1-2% of capital on each trade. Let the market dictate your moves, and strictly adhere to your stop-loss.

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