$NIGHT is up nearly 19%, but the 4H chart still shows a strong downtrend. Price is trading below the previous breakdown area, and selling pressure remains high. I’m watching for a relief bounce before considering a SHORT.
Setup: SHORT
Entry: 0.05150 – 0.05300
TP1: 0.04800
TP2: 0.04500
TP3: 0.04250
SL: 0.05450
I want to see rejection from the entry zone before taking a short. If price breaks and holds above 0.05315, I’ll reconsider the setup. After such a sharp drop, chasing the move is risky.#Write2Earn
Setup: SHORT
Entry: 0.05150 – 0.05300
TP1: 0.04800
TP2: 0.04500
TP3: 0.04250
SL: 0.05450
I want to see rejection from the entry zone before taking a short. If price breaks and holds above 0.05315, I’ll reconsider the setup. After such a sharp drop, chasing the move is risky.#Write2Earn
