【$KNC Signal】Pullback confirmation, secondary bullish attack

$KNC A single massive bullish candle on the 4-hour chart directly pierced through the upper band, currently consolidating in the upper half of the Bollinger Bands. The 1-hour MACD fast and slow lines have crossed downward, but the price refuses to decline sharply. There are thick orders in the 0.1620 to 0.1610 area below, fully exposing the capital support intention. Open interest remains stable, with no signs of panic selling.

🎯Direction: Long

⚡Entry/Orders: Layered entries in the 0.1561 - 0.1601 range

🛑Stop loss: 0.1522

🚀Target 1: 0.1917

🚀Target 2: 0.2075

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot stay above 0.1600 and falls below again, abandon this trade.

Order book data is quite interesting. Buy depth is 1.35 times the sell depth, especially with a large number of buy orders stacked below 0.162, forming a solid buffer. The 1-hour RSI has fallen from a high level to a healthy 56, preparing for another upward move. Although the 4-hour MACD histogram is shrinking, both lines are still above zero, indicating the long-term trend remains intact. Under this structure, the risk-reward ratio exceeds 4:1, making it worthwhile to use a smaller position size to bet on the continuation of the bullish trend.

Check real-time market 👇 $KNC
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