THIS IS WHAT HAPPENED AFTER WE SNIPED THE POTENTIAL KEY LEVELS WHERE $KNC WOULD LIKELY BOUNCE!
given how incredibly optimistic the cryptocurrency market is at the moment. Everyone may easily enter long positions and benefit in shorter periods of time. However, determining the best locations for a potential altcoin bounce would be a difficult task. Every time the market dumps during a market structure's markup phase, and vice versa with pumps during a market structure's markdown phase, that is the problem we take on. As seen by the entry we completed for KNC. Following the retest at 0.4933 on August 25, we placed long positions at a number of important levels. The best time to make a sniper entry is around 0.4136, according to our analysis. With an RRR of 8.26, this has a total risk of 3.70% and a total profit of 30.56%. after the profit-taking at the possible high selloffs from KNC's weekly trading range. The price continues to hover above the retest level, indicating that the positive momentum is still present. as soon as the cryptocurrency market starts moving aggressively again. KNC should regain the key support levels it formerly possessed in 2022–2023. .Thus, the easiest approach to read KNC's market structure is that it is going through an accumulation phase, where many people would think that the price would never recover again, but whales beg to differ.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
