Morning brothers, I just went through the 15min to daily level of $NIGHT and want to share some valuable insights, hoping it can help everyone improve their winning rate.
Current market characteristics:
Low volume sideways: The 24h trading volume is about 36.5 million USDT, compared to the drastic fluctuations of the previous days, the selling pressure has decreased significantly now.
Long and short stalemate: On the 4-hour line, the MACD green bars are starting to show, although the rebound strength hasn't emerged yet, the signal to stop the decline is very obvious.
Key points: Strong support below looks around 0.048, which is a level that has been tested multiple times without breaking. The resistance above is at 0.0515.
Today's trading suggestion:
Contract faction: This narrow fluctuation tests patience. You can try placing buy orders in batches in the range of 0.0488 - 0.0492, with a stop loss at 0.0475. If the market breaks 0.051 with volume, you can increase your position accordingly.
Spot faction: Since @MidnightNetwork it is a key project in the privacy track, the current price is not far from the bottom. Long-term players suggest 'no pain, no gain'; as long as the logic of the bottom remains, this level of fluctuation can be completely ignored.
My personal insight:
Binance Square often shouts slogans, but the market only looks at data. $NIGHT Currently, we are accumulating momentum; the implementation of the privacy protocol takes time, so everyone needs to be patient. The current fluctuations are actually providing opportunities for those who missed the chance.
What does everyone think? Is it better to buy back at this position or wait a bit longer for the extreme position of 0.045? Feel free to leave a message to discuss!
#night @MidnightNetwork $NIGHT 📈📉🛡️