NIGHT reported 0.06898, after experiencing an extreme rise of over 44% from the low of 0.04705, a significant stagnation occurred below the previous high of 0.07493, with a clear structure of a spike and retreat at the 4-hour level. The price has approached the strong pressure zone at the upper Bollinger Band, and the MACD histogram has turned negative, indicating that the bullish strength has shown signs of fatigue after a rapid release, with huge pressure from short-term profit-taking.
The current strong resistance for the rebound is clearly located in the 0.0730–0.0750 area. The key support below is in the range of 0.0660–0.0670, where the middle track of the Bollinger Band and a psychological level are located; once this level is breached, it will open up a downward space to 0.0620–0.0640.
It is recommended to short in batches when the price rebounds to the range of 0.0700–0.0730, with a stop loss above 0.0760 and a target of 0.0670–0.0680. If the price directly breaks below 0.0660, it is advisable to decisively pursue the short position, targeting below 0.0630.
NIGHTUSDT
Perp
0.05962
-9.46%