🚀 Momentum cooling after expansion… key support in focus
$NIGHT (NIGHT/USDT)
Direction: Pullback Continuation / Support Hold
Current Price: $0.04781
24H Change: -7.13%
24H High: $0.05167
24H Low: $0.04758
Volume: 2.79B NIGHT
Updated Trade Plan:
Entry Zone: $0.0470 – $0.0485
Stop Loss: $0.0448
Targets:
TP1 $0.0505
TP2 $0.0530
TP3 $0.0570
Why this setup:
Price is pulling back below MA(7) and MA(25), showing short-term weakness after recent expansion. However, the $0.0470 – $0.0475 zone is acting as immediate support, with multiple wicks showing buyer reaction.
Volume remains elevated, suggesting the move is more of a consolidation phase rather than a full trend reversal. If buyers step in and reclaim $0.0495–$0.0500, momentum can quickly rotate back toward the $0.053+ liquidity zone.
Losing $0.0470 cleanly could trigger deeper retracement toward lower demand.
Stay cautious and manage risk in high volatility conditions.
#night #CryptoUpdate #AltcoinSetup #MomentumTrader