NIGHT Big Picture: Is the massive airdrop a bearish signal? I see it as a 'golden pit'!
Midnight ($NIGHT ) has been quite active lately, with a massive airdrop crossing the Cardano, BSC, and SOL chains causing many to tremble.
But I believe this is a manifestation of the big picture, with a bullish short-term outlook (Long) as follows:
1. 'Random Unlock' Divine Operation: The selling pressure is not a thunderstorm, it's rain
NIGHT adopts a randomly activated unlocking mechanism over 90 days, which means the airdrop selling pressure is extremely dispersed. There is no specific 'crash day', only a steady flow of trading every day. This design allows the market's absorption capacity (Liquidity) to effectively digest the sell orders. Is this still a crash?
2. VWAP Technical Aspect: Buying pressure is entering the market
Observing the VWAP (Volume Weighted Average Price), the current price quickly rebounded after testing key support. When the selling pressure is dispersed, as long as the price remains above the VWAP, it indicates that the buying power has taken the baton. This isn't retail investors digging into their own pockets; there is significant capital taking advantage of the chaos to accumulate.
📍 Trading Strategy (Short-term)
Operation: Gradually build positions near the VWAP on pullbacks.
Logic: Random unlocking dilutes selling pressure + privacy L1 narrative is just getting started.
Observation Point: Support level $0.051, if it breaks through $0.056, then the space opens up.
