$NIGHT — Retest Rejection Below 0.03951 Resistance, Breakdown Loading Soon 📉
Trade Plan: Short $NIGHT
Entry: 0.039 - 0.040
SL: 0.04155
TP: 0.03695 | 0.03433 | 0.03165
Why this Setup?
NIGHT suffered a sharp rejection from the highs and is now struggling to reclaim the 0.03951 resistance zone. The current structure shows a potential breakdown-retest setup, with sellers defending the reclaimed resistance area. A rejection here could drive price toward 0.03695, followed by 0.03433 and 0.03165. As long as 0.04155 holds, the bearish setup remains valid.
Trade $NIGHT here 👇
Trade Plan: Short $NIGHT
Entry: 0.039 - 0.040
SL: 0.04155
TP: 0.03695 | 0.03433 | 0.03165
Why this Setup?
NIGHT suffered a sharp rejection from the highs and is now struggling to reclaim the 0.03951 resistance zone. The current structure shows a potential breakdown-retest setup, with sellers defending the reclaimed resistance area. A rejection here could drive price toward 0.03695, followed by 0.03433 and 0.03165. As long as 0.04155 holds, the bearish setup remains valid.
Trade $NIGHT here 👇
