$NKN — Bullish momentum is back and buyers are clearly in control.

I’m watching $NKN because after a long compression phase, price finally expanded with strength. This move didn’t happen randomly. Liquidity was built for days near the lows, sellers got exhausted, and once demand stepped in, price exploded with volume. What we’re seeing now is a healthy pullback, not weakness.

Market read

I’m seeing a classic impulsive breakout followed by a controlled retracement. Price pushed hard from the base, broke structure, printed a strong high, and now it’s cooling off. This kind of retrace usually resets momentum and offers a cleaner continuation entry if buyers defend the zone.

Entry point

I’m interested in entries around 0.0080 – 0.0084

This area sits above the breakout base and aligns with short-term demand. As long as price holds here, the bullish structure remains intact.

Target point

TP1: 0.0095

TP2: 0.0106

TP3: 0.0118

These targets are based on previous reaction zones and the recent impulse high. If momentum returns, price can revisit and extend beyond these levels.

Stop loss

0.0074

If price loses this level, the structure breaks and the setup is invalid. I’m keeping risk tight and clear.

How it’s possible

I’m seeing strong volume expansion on the move up, which tells me this wasn’t just a spike. The pullback is happening with reduced momentum, showing sellers are weak. If buyers step in again near the entry zone, continuation becomes very likely. This is how trends usually build higher legs.

I’m focused, patient, and ready for continuation if the level holds.

Let’s go and Trade now $NKN