Will $KNC Continue to Rise & is KNC Ready For a $0.9 Ride Yet?
KNC has recently broken out of a long-term sideways range between $0.64 and $0.854. However, it is currently experiencing a pullback to retest the breakout zone. To continue the upward move, KNC buyers will need to maintain a price level above $0.73. This pullback provides an excellent opportunity to join the current bullish trend on KNC and aim for a range Target of $0.9. As with any trade, it is advisable to identify a good entry point and set a stop loss to manage risk. It is also important to be aware of the possibility of bears stepping in if the bulls fail to hold above the breakout resistance at $0.8👉 ASSET:
KNC(KNC/USDT)👉 ACTION: BUY
👉 1st ENTRY PRICE: $0.7458
👉 STOP LOSS: $0.6953
👉 1st TAKE PROFIT: $0.9707
2nd TAKE PROFIT: $0.9
💰 RISK MANAGEMENT: I strongly recommend the use of stop loss, you can use the $0.695 to limit potential losses in case the trade goes against us as ranges are unpredictable. We also suggest taking profits as the price approaches $$0.9 to lock in gains. before hitting TA at $0.97 range in case the bulls get weak in reaction to the box resistance
🚨 DISCLAIMER: This is not financial advice. Please do your own research before making any trades. We are not responsible for any losses that may occur from following this trade signal.
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