KNC/USDT Analysis - Potential Breakout Setup
KNC/USDT Analysis - Potential Breakout Setup 🚀
Hello TradingView Family! 🌟
Here’s an exciting Kyber Network (KNC/USDT) trade setup I’ve been monitoring on the 1H timeframe:
🔹 Pattern: A clear Cup and Handle formation is in play, hinting at a bullish breakout.
🔹 Entry Zone: Positioned just as the price consolidates within the handle, aligning perfectly with a key support zone.
🔹 Target: A potential upside of 17.4% with a target at $0.7058.
🔹 Stop-Loss: Risk is tightly managed below $0.5685.
📌 Key Points to Watch:
Price needs to break and hold above the upper trendline of the handle to confirm the breakout.
Keep an eye on volume surges to validate the move!
Let me know your thoughts on this setup! Are you trading KNC or watching other pairs? Share your insights below. 👇
Happy Trading! 🚀✨
Hello TradingView Family! 🌟
Here’s an exciting Kyber Network (KNC/USDT) trade setup I’ve been monitoring on the 1H timeframe:
🔹 Pattern: A clear Cup and Handle formation is in play, hinting at a bullish breakout.
🔹 Entry Zone: Positioned just as the price consolidates within the handle, aligning perfectly with a key support zone.
🔹 Target: A potential upside of 17.4% with a target at $0.7058.
🔹 Stop-Loss: Risk is tightly managed below $0.5685.
📌 Key Points to Watch:
Price needs to break and hold above the upper trendline of the handle to confirm the breakout.
Keep an eye on volume surges to validate the move!
Let me know your thoughts on this setup! Are you trading KNC or watching other pairs? Share your insights below. 👇
Happy Trading! 🚀✨
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