【$KNC Signal】Short squeeze continues + 1H strong consolidation

$KNC The 1H timeframe has entered a strong sideways consolidation after a massive surge, with the price staying above 0.16. The 4H timeframe saw a towering bullish candle directly reverse the downward trend, forming a V-shaped reversal pattern. Currently, the negative funding rate is as high as -1.88%, but the price remains firm and open interest (OI) is stable, indicating a continuation of the short squeeze pattern with clear main force support. Although the 1H RSI is in the overbought zone, it has not turned down, and the order book shows deep buy support, making dips an opportunity.

🎯Direction: Go Long (Long)

⚡Entry/Order: 0.1603 - 0.1611

🛑Stop Loss: 0.1550

🚀Target 1: 0.1680

🚀Target 2: 0.1750

🛡️Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price of 0.1605. Hold the remaining position for Target 2; if the price retraces and breaks below the moving stop, exit decisively.

(Depth Logic: The past 4 hours saw a massive rally led by buying pressure, and market logic suggests combining this with OI analysis. Currently, OI is stable, and the price is refusing to dip deeply under a negative funding rate environment, which is a strong short squeeze signal. The 1H chart shows strong consolidation above the EMA20, and the order book depth indicates dense buy orders in the 0.1600-0.1605 range, providing a safety cushion for dips. The 4H timeframe has broken out with volume from the previous consolidation platform, opening up upside space. )

View real-time market 👇 $KNC

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