【$KNC Signal】Short squeeze rebound continues, targeting 1H breakout pullback

$KNC 1H level massive bullish breakout, currently in the strong pullback confirmation stage. A single bullish candle on the 4H chart engulfs several days of decline, indicating a strong trend reversal signal. The current price is oscillating near the high point of the massive volume candle, open interest remains stable, and the negative funding rate is as high as -1.18%, indicating a strong short squeeze expectation. The order book shows buy orders significantly thicker than sell orders (imbalance of 20.8%), with clear main force support. Although the 1H RSI is in the high zone, in a strong market, overbought conditions can be tolerated. Focus on the strength of the pullback support.

🎯Direction: Long (Long)

⚡Entry/Order: 0.1609 - 0.1617

🛑Stop Loss: 0.1550

🚀Target 1: 0.1680

🚀Target 2: 0.1750

🛡️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 0.1610. If the price strongly breaks through 0.1680 and stabilizes, move the remaining stop loss up to 0.1640 to aim for the second target.

(Depth Logic: Over the past 4 hours, a surge of over 20%, with trading volume increasing by a hundred times, is a typical sign of main capital entering or short covering. Open interest remains stable during this surge, indicating it’s not just profit-taking by longs but new funds are entering. The massive negative funding rate indicates extremely high costs for short positions, and any sideways movement or slight upward price action will squeeze them. The 1H EMA20/50 has formed a bullish alignment, and the current pullback is an ideal low-risk sniper entry point. (

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