๐จ $NIGHT Long Setup โ Breakout in Progress โ ๏ธ
$NIGHT has just broken out of a descending channel and is now retesting the upper trendline as support. This kind of move often signals a shift from a bearish structure into early bullish momentum.
The strong impulsive candle shows buyers stepping in aggressively. If this level holds, a continuation move becomes highly likely ๐
๐ Entry: 0.04110 โ 0.04125
๐ Stop Loss: 0.04080
๐ฏ Targets:
โข 0.04190
โข 0.04250
โข 0.04320
The key here is the retest โ if price holds above the broken trendline, it confirms strength and opens the door for further upside ๐
However, if price gets rejected and falls back inside the channel, the setup becomes invalid โ so proper risk management is crucial โ ๏ธ
NIGHT
0.03599
+0.69%