【$KNC Signal】Pullback Sniping, Short Squeeze Structure Emerges

$KNC One-hour RSI surges to 91, price breaks above the Bollinger upper band, with a clear gap in buying volume. After the four-hour MACD forms a golden cross, the histogram continues to lengthen, but open interest remains stable, indicating no large-scale capital withdrawal. Negative funding rate exceeds 0.8%, making short positions very costly.

🎯 Direction: Pullback for Longs

⚡ Entry/Order: Accumulate in the 0.1420 - 0.1450 range

🛑 Stop Loss: Below 0.1420

🚀 Target 1: 0.1569

🚀 Target 2: 0.1628

🛡️ Trading Management:
- Execution Strategy: Half position at Target 1, move the remaining stop loss up to the entry price. If the price cannot hold above 0.1450, exit proactively.

Order book data shows buy orders are deeper than sell orders, with heavy orders around 0.1750 below. Despite this negative funding environment, the price remains resilient, and bears face the risk of being squeezed. After a volume breakout on the one-hour candlestick, a pullback with reduced volume indicates a healthy correction. The risk-reward ratio exceeds 4, making this setup highly favorable.

View real-time market 👇 $KNC
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