Here's a technical outlook for Midnight (NIGHT) based on the latest market developments:
đ Trend: Still bearish overall after a sharp selloff, but the price is trying to stabilize around a key support area.
đą Bullish scenario: If NIGHT holds support and breaks above the nearest resistance with strong volume, a short-term recovery could follow.
đŽ Bearish scenario: If support fails, sellers may push the price to lower levels, especially with ongoing token unlocks adding selling pressure.
â ïž Trading view: Wait for confirmation before entering. Avoid chasing green candles, and use a stop-loss due to NIGHT's high volatility.$NIGHT
#Nasdaq100RisesOnChipRebound #SuperMicroJumpsOver20%AfterHours
đ Trend: Still bearish overall after a sharp selloff, but the price is trying to stabilize around a key support area.
đą Bullish scenario: If NIGHT holds support and breaks above the nearest resistance with strong volume, a short-term recovery could follow.
đŽ Bearish scenario: If support fails, sellers may push the price to lower levels, especially with ongoing token unlocks adding selling pressure.
â ïž Trading view: Wait for confirmation before entering. Avoid chasing green candles, and use a stop-loss due to NIGHT's high volatility.$NIGHT
#Nasdaq100RisesOnChipRebound #SuperMicroJumpsOver20%AfterHours