Most traders are chasing this breakout… but that’s usually where the trap forms.
$NIGHT is pushing into the 0.050–0.051 zone, which aligns with recent highs and obvious liquidity. This is where late buyers enter — and where smart money often starts distributing or engineering a pullback. The move looks strong, but it’s also extended on the 4H.
Watch for a sweep above 0.0505 followed by weakness. That’s where intent becomes clearer.
Trade Setup
EP: 0.0480 – 0.0490
TP1: 0.0505
TP2: 0.0520
TP3: 0.0540
SL: 0.0465
Takeaway: Don’t chase strength into resistance — wait for confirmation or a reset.
Sometimes the best trades come after the excitement fades.