Good Night 😴
$NIGHT USDT showing clean downside continuation after weak structure breakdown...📉🔥
Entry Range: 0.0320 – 0.0322
Stop Loss: 0.0326
Targets:
TP1: 0.0316
TP2: 0.0312
TP3: 0.0308
Price gave a sharp impulsive drop and failed to recover strength, forming a weak consolidation with lower highs. This kind of structure clearly shows sellers are in control and every bounce is getting sold into.
After the breakdown, price attempted a small pullback but couldn’t sustain above resistance, confirming bearish pressure. This creates a clean short opportunity on retest rather than chasing the move.
Momentum is fading on the upside while downside pressure is building gradually, which increases probability of continuation toward lower liquidity zones.
Wait for price to tap the entry zone and show rejection before entering. Clean patience here will give a better risk to reward setup.
If price breaks and holds above 0.0326, this setup becomes invalid and market can shift back into short-term bullish momentum.