【$KNC Signal】Long - 1H pullback confirmation, main force clearly intends to support the market

$KNC After experiencing a massive rally, the 1H timeframe is pulling back to key support zones for healthy consolidation. A single towering pillar on the 4H chart has directly reversed the downward trend. The current price, after breaking out, is making its first pullback, which is a classic breakout confirmation structure. Market logic indicates a price increase, combined with stable open interest, suggesting that main force is entering rather than purely short covering, and with a high negative funding rate of -1.5%, there is potential for a short squeeze.

🎯Direction: Long (Long)

⚡Entry/Order: 0.1596 - 0.1604

🛑Stop Loss: 0.1550

🚀Target 1: 0.1680

🚀Target 2: 0.1725

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price of 0.1600. Use a trailing stop for the remaining position to aim for Target 2. If the price falls below the trailing stop or a 1H top divergence appears, exit all positions.

(Depth Logic: The order book depth imbalance reaches 19.01%, with buy-side depth significantly thicker than sell-side, indicating strong support below. The 1H RSI(67.37) has healthy pullback from overbought territory and has not entered oversold, indicating a strong correction. The entry zone of 0.1596-0.1604 coincides with a dense buy zone(0.1594-0.1606) at the upper boundary, resonating with the 1H EMA50(0.1433) for support. Open interest remains stable, price is firm, and with a negative funding environment, it perfectly aligns with the “short squeeze” long logic.)

View real-time market 👇 $KNC

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