KNCUSDT trade ideas
short on Kyber Network with Fib RetracementKNC was so bullish without respecting the support and resistance rule of bitcoin and with a 4 H TF,
it finally held at resistance.... A short term price reversal shall play out using Fib Retracement strategy since bitcoin dipped again for the
second time within this week to a base support zone of $29,000..
DYOR AND NFA
KNCUSDT - Symmetric triangle PatternKNCUSDT (1h Chart) Technical analysis
KNCUSDT (1h Chart) Currently trading at $38916
Buy level: Above $1.65
Stop loss: Below $1.48
Target 1: $1.73
Target 2: $1.85
Target 3: $2
Target 4: $2.3
Max Leverage 3x
Always keep Stop loss
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#KNC/USDT 1HOUR UPDATE !!Hello, dear traders welcome you to this KNC/USDT 1hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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ENTRY:-$1.55,$1.65
TARGET:-60% TO 70%
STOP LOSS:-$1.45
LEVERAGE :-10X TO 20X
As we can see from the above-mentioned chart that KNC/USDT was trading inside the symmetrical triangle pattern and broke upside.
Now, KNC is trading in a support zone and retesting the upper trend line.
Here I am expecting a bounce from the current price level which is $1.6 towards the price level of $2.7 which is almost 70% from the current price level.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
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