$NIGHT
$NIGHT is currently transitioning out of a short-term bearish structure after completing a clean liquidity sweep into the $0.04801 low. The prior trend showed consistent lower highs and lower lows, confirming downside control, but that structure has now been interrupted by a sharp impulsive rebound.
The strong reaction from $0.04801 indicates a clear demand zone, with buyers stepping in aggressively. Price has since reclaimed the $0.04930–$0.04940 area, which previously acted as intraday resistance. This shift suggests early signs of a structure break and potential short-term trend reversal.
However, price is now approaching a critical supply zone between $0.04980 and $0.05030, where previous distribution occurred. This area holds resting liquidity and is likely to act as resistance unless momentum expands further.
Current structure favors a bullish continuation toward liquidity above, provided price holds above the reclaimed support.
EP: $0.04920 – $0.04940
TP1: $0.04990
TP2: $0.05030
TP3: $0.05100
SL: $0.04870
The trend is shifting from bearish to bullish on the lower timeframe after a decisive rejection from the $0.04801 demand zone.
Momentum has flipped strongly with impulsive bullish candles, indicating aggressive buyer participation.
The structure supports continuation toward higher liquidity at $0.05030 as long as price holds above the reclaimed support region.