$NIGHT
Is the current move the beginning of a new wave?
After the strong rise from $0.0195, $NIGHT managed to form a clear bullish direction on the higher timeframes. The price is currently at $0.0406 and close to the top at $0.0409.
Reaching this area after a fast rally increases the likelihood of consolidation or a pullback. So we have two important scenarios 👇
🟢 If it breaks above 0.0409$
And holds above it, that would support the continuation of strength. The closest levels to watch are: 0.043$ → 0.046$ → 0.050$
🔴 If it rejects from the top
Then it’s not ideal to chase the price. We wait for the price to return to stronger zones:
0.036–0.037$
0.0325–0.034$
0.030–0.031$
And from one of these zones, if a good rebound appears and the price regains strength, we first watch 0.038$, then 0.041$, and afterward 0.043$.
💡 The idea: the trend is still bullish, but the price is now close to an important resistance. Therefore, if a correction happens, it could offer a better entry than buying at the peak.
#NIGHT #NIGHTUSDT #Technical_Analysis #crypto #Binance #trading
Is the current move the beginning of a new wave?
After the strong rise from $0.0195, $NIGHT managed to form a clear bullish direction on the higher timeframes. The price is currently at $0.0406 and close to the top at $0.0409.
Reaching this area after a fast rally increases the likelihood of consolidation or a pullback. So we have two important scenarios 👇
🟢 If it breaks above 0.0409$
And holds above it, that would support the continuation of strength. The closest levels to watch are: 0.043$ → 0.046$ → 0.050$
🔴 If it rejects from the top
Then it’s not ideal to chase the price. We wait for the price to return to stronger zones:
0.036–0.037$
0.0325–0.034$
0.030–0.031$
And from one of these zones, if a good rebound appears and the price regains strength, we first watch 0.038$, then 0.041$, and afterward 0.043$.
💡 The idea: the trend is still bullish, but the price is now close to an important resistance. Therefore, if a correction happens, it could offer a better entry than buying at the peak.
#NIGHT #NIGHTUSDT #Technical_Analysis #crypto #Binance #trading
