On the $NIGHT /USDT 1-hour chart, the price is currently trading near 0.0499 after pulling back from the recent high around 0.0552. The market experienced a short correction following the strong upward move, but the price is now approaching an important support zone around 0.0485–0.0490. This area previously acted as a consolidation level and could attract buyers again. The candles are starting to slow down and compress after the sell-off, and the decrease in selling volume suggests that the strong bearish pressure may be fading.
A potential long opportunity can appear if the price holds above the 0.049 support and begins to show bullish reaction candles. If the market reclaims the short moving average and pushes back above 0.050, it could signal that buyers are stepping in again. In that case, a reasonable long entry would be around 0.0495–0.0502, while keeping a stop loss near 0.0478 to protect the position if the support fails. If the bounce develops, the first upside target sits near 0.0520, which is the nearest resistance area. A stronger continuation could push the price toward 0.0540 and possibly retest the recent high near 0.0550.
Overall, this setup is based on a support bounce after a healthy pullback. As long as the 0.049 area holds, the probability of a recovery move remains reasonable. However, if the price breaks and closes below 0.048, the bullish setup weakens and the market may continue its correction before the next upward move begins.