NIGHT is at its 30-day high of $0.0292
Midnight is up 9.4% in 24 hours and has beaten BTC by 8.1 points. Volume is running 2.2x its 7-day average, and there is no matching headline in the data.
Open interest is up 12% while price rises, which points to new money opening into the move rather than shorts closing. If NIGHT holds at this high, the level starts to act as support. If it slips back below, the 30-day low of $0.0178 is the next level in the data.
What would make this wrong: If open interest falls back while price sits at the high, the move was not new money and this read is wrong.
Did you catch NIGHT on the way up, or are you only seeing it now?
Not advice.
Send me a chat with the word CHECK and I will send you the tool that sizes a trade on NIGHT.
Follow for the levels that matter, every day.
$NIGHT
#TradingPsychology #Crypto #CreviaCockpit
Midnight is up 9.4% in 24 hours and has beaten BTC by 8.1 points. Volume is running 2.2x its 7-day average, and there is no matching headline in the data.
Open interest is up 12% while price rises, which points to new money opening into the move rather than shorts closing. If NIGHT holds at this high, the level starts to act as support. If it slips back below, the 30-day low of $0.0178 is the next level in the data.
What would make this wrong: If open interest falls back while price sits at the high, the move was not new money and this read is wrong.
Did you catch NIGHT on the way up, or are you only seeing it now?
Not advice.
Send me a chat with the word CHECK and I will send you the tool that sizes a trade on NIGHT.
Follow for the levels that matter, every day.
$NIGHT
#TradingPsychology #Crypto #CreviaCockpit
