$NIGHTUSDT
Trade Rationale: The price has
broken below the $0.09600 support level, creating a lower high on the chart.
It's now struggling to hold above the next minor support near $0.09400.
Momentum is bearish on the 1H timeframe, with a likely retest of the breakdown
area offering a short opportunity.
Entry Zone: $0.09600
- $0.09650 (This is the key retest area of the recent
broken support, which is now a resistance zone).
Stop Loss (SL): $0.09725 (Placed
just above the last clear swing high to invalidate the short structure).
Take Profit Targets (TP):
o TP1: $0.09400 (Immediate
support level visible on the chart).
o TP2: $0.09200 (A
clear psychological and horizontal support level).
o TP3: $0.09000 (A more
significant lower support target, offering a favorable risk/reward ratio).
Key Levels & Risk Management:
Immediate Resistance: $0.09650 - $0.09711 (Today's high
and breakdown zone).
Immediate Support: $0.09400, then $0.09200.
Risk Note: The 24-hour volume is high (~$117M), indicating
volatility. Use tight risk management. The critical point for this trade is
that the price must not reclaim the $0.09711 level. If it does, the bearish
scenario weakens significantly.
#night