The last dirty manipulation before growth - #KNC
đThe 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($0.5949) to the upper boundary of the buyer's zone of interest.
đAfter the 0.56$ 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$.
đI plan to enter the trade from Đ°current ($0.61-$0.56) levels.
đ Stop loss will be at the level of ($0.525)
â First take ($0.6522)
â 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.
