Sometimes the best trade is the one you don't take, and looking at $NIGHT right now, you can really see that tug-of-war in action.
I’ve been tracking this 15-minute chart, and after that rejection at the $0.05240 high, it’s been a slow grind down. We just hit a local bottom at $0.05060, and now it’s hovering around $0.05078. It feels like the market is holding its breath—deciding whether this is a solid floor or just a temporary pitstop before another leg down. The volume is starting to pick up, which usually means a bigger move is brewing.
I’m keeping my eyes glued to these candles to see if the buyers can actually step up and reclaim some ground or if the bears are still in total control. It's definitely a tester for the nerves.
Do you think this support level is going to hold, or are we heading lower?