On the $NKN coin, the lower timeframes (3H, 4H, 2H) have broken the Lower Low (LL) structure and have started forming a Higher High (HH). However, on the 1D timeframe, the market is still holding a Lower Low (LL) structure.

In alignment with the overall market scenario, setting up a bullish trade is reasonable.

My first entry is planned around 0.01165. Since the 1H and 15m timeframes are still showing Lower Lows, the second entry is planned near the SMC Order Block at 0.01107.

If the price breaks below 0.01035, the market may move towards the 0.006 region. To minimize risk, I have placed my stop loss around 0.01035.

For proper risk and money management, to keep the potential loss around 55%, I am using only 5x leverage for this trade.

This is not financial advice, but purely an analysis. Always make decisions based on your own research and trade wisely.

Merry Christmas 🎄