$NIGHT is putting in some serious work on the 15-minute chart right now.
After that sharp rejection at 0.05244, it looked like things might get ugly, but the bulls managed to step in and defend the 0.05038 area. It’s been a textbook battle for momentum since then. We just saw a decent recovery attempt, and now it’s hovering around 0.05086, trying to stabilize and form a new floor. The volume on that last green spike was interesting—it shows there's still plenty of life in this move if it can just clear the local resistance.
I’m playing this one carefully. It feels like a high-stakes game of tug-of-war, and I’m waiting to see if it can put in a higher high before I get too aggressive. Trading these types of volatile setups is all about timing the bounce without getting caught in the fade.
Who else is watching this 0.050 range? Do you think we’re building energy for another leg up, or is it time to look for an exit?