【$KNC Signal】Long - 1H timeframe breaks out strongly, funds are short squeezing

$KNC The 1H timeframe breaks out strongly from the previous consolidation platform under massive volume, with the price stabilizing above all short-term moving averages, forming a clear momentum breakout structure. A single large bullish candle on the 4H chart directly reverses the downward trend. Although RSI has entered the overbought zone, in the context of negative funding rates and stable open interest, this looks more like the beginning of a short squeeze rather than an end.

🎯Direction: Long (Long)

⚡Entry/Order: 0.1652 - 0.1660

🛑Stop Loss: 0.1590

🚀Target 1: 0.1725

🚀Target 2: 0.1800

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price of 0.1660. If the price strongly breaks through 0.1725 and stabilizes, move the remaining stop loss up to 0.1690 to aim for higher targets.

Deep Logic: The trading volume in the past 4 hours has surged dozens of times, a clear signal of main capital entering the market. Despite a 20% price increase, open interest (OI) remains stable, and the funding rate is -2.00%, indicating that bears are still stubbornly resisting, fueling the short squeeze. The order book shows buy-side depth (Bid) significantly thicker than sell-side (Ask), with an imbalance of 17.28%, and dense support below. Although the 1H RSI is high, there is no bearish divergence, and momentum remains.

View real-time market 👇 $KNC

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