$NIGHT is still up 14.54% this week even after giving back a chunk of it today, and the reason it popped in the first place is the part people are sleeping on.
three weeks ago Sony-backed S.BLOX listed NIGHT alongside ADA in Japan and rolled out a rewards campaign with it. that's a Sony-linked platform putting NIGHT in front of Japanese retail that mostly can't touch it anywhere else. distribution like that doesn't show up in one candle, it shows up over weeks, and the week chart is the proof.
today's the give-back part. down 4.9% on the day, and that's just what happens after a listing pop, the fast money that bought the news takes the print and leaves. the real question is whether the buyers who came in through S.BLOX are still under this.
$NIGHT trades at $0.02352 right now, off the 24h high of $0.02531. if it holds $0.02333, the 24h low, i think this is just cooling off before it tries the high again, the listing flow is still fresh. if it loses $0.02333, i'm wrong on this and there's nothing left to defend, that's the dip-buyer floor gone and the pop was just a pop.
holding $0.02333 or losing it?
follow me for more calls like this.
three weeks ago Sony-backed S.BLOX listed NIGHT alongside ADA in Japan and rolled out a rewards campaign with it. that's a Sony-linked platform putting NIGHT in front of Japanese retail that mostly can't touch it anywhere else. distribution like that doesn't show up in one candle, it shows up over weeks, and the week chart is the proof.
today's the give-back part. down 4.9% on the day, and that's just what happens after a listing pop, the fast money that bought the news takes the print and leaves. the real question is whether the buyers who came in through S.BLOX are still under this.
$NIGHT trades at $0.02352 right now, off the 24h high of $0.02531. if it holds $0.02333, the 24h low, i think this is just cooling off before it tries the high again, the listing flow is still fresh. if it loses $0.02333, i'm wrong on this and there's nothing left to defend, that's the dip-buyer floor gone and the pop was just a pop.
holding $0.02333 or losing it?
follow me for more calls like this.
