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