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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.