NIGHT bounced 18% off its lows. Sounds bullish? But it's still in a strong downtrend. 🌓
📈 $0.0185 → $0.0250 (35% range)
📊 4.5x volume — real interest
🔴 4H RSI: 40.6, Daily RSI: 34.7 — WEAK momentum
📉 Still below ALL major moving averages
A bounce inside a downtrend ≠ reversal. Like a ball bouncing down stairs — each bounce looks up, but the ball still falls.
But volume is real, $0.020 support held twice. Sometimes reversals start exactly like this.
🎯 Trade Plan (CAUTIOUS):
📍 Entry: $0.020-$0.0224
🛑 Stop: $0.0175
🎯 TP1: $0.026 (50% off)
🎯 TP2: $0.030
R:R = 1.3 — position size SMALL (50% normal)
Conservative traders: skip. Risk-takers: small position, defined risk.
Counter-trend trades: genius or madness? 👇
#NIGHT #CryptoTrading #CounterTrend #RiskManagement
⚠️ Disclaimer: Personal analysis, not financial advice. Always DYOR.
📈 $0.0185 → $0.0250 (35% range)
📊 4.5x volume — real interest
🔴 4H RSI: 40.6, Daily RSI: 34.7 — WEAK momentum
📉 Still below ALL major moving averages
A bounce inside a downtrend ≠ reversal. Like a ball bouncing down stairs — each bounce looks up, but the ball still falls.
But volume is real, $0.020 support held twice. Sometimes reversals start exactly like this.
🎯 Trade Plan (CAUTIOUS):
📍 Entry: $0.020-$0.0224
🛑 Stop: $0.0175
🎯 TP1: $0.026 (50% off)
🎯 TP2: $0.030
R:R = 1.3 — position size SMALL (50% normal)
Conservative traders: skip. Risk-takers: small position, defined risk.
Counter-trend trades: genius or madness? 👇
#NIGHT #CryptoTrading #CounterTrend #RiskManagement
⚠️ Disclaimer: Personal analysis, not financial advice. Always DYOR.