🔥 $KNC Trade Setup 🔥
▪️ Trend: Short & Medium-term Downtrend, Long-term Neutral.
▪️ Pattern: Pullback in Uptrend—possible bounce from $0.50 support + 200-day MA.
📊 Key Levels:
▪️ Support: $0.50, then $0.40
▪️ Resistance: $0.70, then $0.80
📉 Momentum:
▪️ MACD: Bearish crossover—momentum slowing.
▪️ RSI: Neutral (not overbought/oversold).
📌 Strategy:
▪️ Buy near $0.50 support.
▪️ Stop Loss: Below $0.45.
▪️ Target: $0.70 (+40% upside).
Will KNC break resistance or stay in consolidation? Let’s discuss! 👇
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