A few days ago, we reviewed Midnight ($NIGHT
) when it was trading around $0.0435. It was pumping, and I warned you about the crowded trade. It dipped, but it held support.
Now, look at the board today. NIGHT is trading at $0.0519, up another 20.86%. For those who entered on the dip, you are in profit. For those who chased the top, the chart is giving you a second chance.
Let us look at what the data is telling us now. Whale Activity is showing 100% buy pressure and 0% sell pressure. They are holding the line. The Stop-Loss Hunt Detector is triggered at 51%, targeting sell-side liquidity. Funding rate is locked at +1.0000%, and the Long/Short ratio sits at 1.81x. The trade remains crowded on the long side.
Here is my honest take. The 100% whale buy pressure is highly bullish, and the 60% short squeeze probability suggests market makers are hunting stops before pushing higher. However, the +1% funding rate means leveraged longs are paying a premium. If the price loses momentum, a long squeeze could trigger a sharp flush.
Avoid buying the green candle right now. Be patient. Wait for a retest of the $0.048 to $0.050 zone. If it holds that floor, the setup is valid. My aggressive upside targets remain $0.080, $0.100, and $0.150. If it loses $0.045, the structure fails.
) when it was trading around $0.0435. It was pumping, and I warned you about the crowded trade. It dipped, but it held support.
Now, look at the board today. NIGHT is trading at $0.0519, up another 20.86%. For those who entered on the dip, you are in profit. For those who chased the top, the chart is giving you a second chance.
Let us look at what the data is telling us now. Whale Activity is showing 100% buy pressure and 0% sell pressure. They are holding the line. The Stop-Loss Hunt Detector is triggered at 51%, targeting sell-side liquidity. Funding rate is locked at +1.0000%, and the Long/Short ratio sits at 1.81x. The trade remains crowded on the long side.
Here is my honest take. The 100% whale buy pressure is highly bullish, and the 60% short squeeze probability suggests market makers are hunting stops before pushing higher. However, the +1% funding rate means leveraged longs are paying a premium. If the price loses momentum, a long squeeze could trigger a sharp flush.
Avoid buying the green candle right now. Be patient. Wait for a retest of the $0.048 to $0.050 zone. If it holds that floor, the setup is valid. My aggressive upside targets remain $0.080, $0.100, and $0.150. If it loses $0.045, the structure fails.
