short analysis for $NIGHT
On D1 yesterday, coin dumping was seen in its resistance area.
It looks like H1 is building a 4x downward momentum.
This indicates very strong selling.
H4 is also forming a downtrend.
If the H4 close is a full red body close,
then the next move will go even deeper.
remember, the 1M chart is already too expensive; take profit is very reasonable for $NIGHT #ShortSignal
On D1 yesterday, coin dumping was seen in its resistance area.
It looks like H1 is building a 4x downward momentum.
This indicates very strong selling.
H4 is also forming a downtrend.
If the H4 close is a full red body close,
then the next move will go even deeper.
remember, the 1M chart is already too expensive; take profit is very reasonable for $NIGHT #ShortSignal