Knc expected trade setup after retrace around 61.8 region.
Note
#KNCBTC is down 12% after the 50DMA rejection yesterday.Buy, if the support confluence region around 1400 holds, comprising of the trendline, 10DMA and 4H 50 sma levels.
4H 50 sma(blue) is strong support for
KNCTarget 1: Trendline resistance
Target 2: 61.8fib
Stop: 1200
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.