NIGHT/USDT: Dead Cat Bounce or Bull Trap? The Charts Say Sell.
Current price: $0.0321 | 24h: +3.72%
$NIGHT peaked at $0.0354 on May 11 and has been bleeding since, printing consistent lower highs down to $0.0299. The recent bounce to $0.033 looks like a classic dead cat bounce with fading momentum.
RSI(14): ~48 — sitting below the neutral 50 line, confirming bearish control. Buyers lack conviction to push RSI back above 50, while sellers dominate every relief rally.
Short Entry: $0.0321
Stop Loss: $0.0340
🎯 TP1 (RR2): $0.0283
🎯 TP2 (RR3): $0.0264
🎯 TP3 (RR5): $0.0226
Volume spiked on May 20 ($74M) during the sell-off to $0.0299, then dried up on the bounce — distribution, not accumulation. Scale out at each TP.
BTCUSDT
دائم
76,626.3
+1.53%
NIGHTUSDT
دائم
0.03345
+3.11%