Continue to layout short positions $NIGHT . The current bearish trend is quite clear. Since coming down from the high of 0.10812, there has not been an effective reversal structure formed.
The short-term moving averages have consistently suppressed the bearish arrangement, and the price rebound hasn't even touched the moving averages. Although the MACD has slightly reduced its negative area, it looks more like a weak repair during the decline, not a trend reversal signal. The funding situation still favors the bears, and whenever there is a rebound at key positions, there is selling pressure. The bulls have always been weak in their support.
In terms of operation, the trend-based short logic remains unchanged. At the current price of 0.07838, one can enter with a light position, with a stop-loss set at the key resistance level of 0.08. If it breaks, it indicates that the short-term rhythm may change, and one should exit decisively. For taking profits, first look at 0.071. If it can effectively break down, the space below will further open up, and 0.069 is likely to be reached.
