๐ป $NIGHT โ Potential Bounce From Strong Support ๐
Long $NIGHT
Entry: 0.04550 โ 0.04680
SL: 0.03950
TP1: 0.05500
TP2: 0.07000
TP3: 0.08800
$NIGHT is currently holding a key historical support around 0.044, where multiple lower wicks on the daily chart suggest sellers may be losing momentum. Whale positioning shows mixed sentiment, with many long positions currently underwater while a large portion of traders are leaning heavily toward shorts. When the market becomes this short-biased, it often creates conditions for a short squeeze or relief rally.
Technically, price is consolidating near the lows after a strong correction, showing signs of accumulation and selling exhaustion. If support continues to hold, a bounce toward the MA25 resistance and higher liquidity zones could develop in the coming sessions.
