$NIGHT loses momentum as sellers press a support retest 🔻
Price action remains technically fragile. $NIGHT has repeatedly failed to reclaim nearby resistance, and the lack of follow-through on rebounds suggests diminishing buy-side conviction. Volume has not validated a sustained reversal, leaving the market vulnerable to another liquidity sweep toward the 0.035 area if sellers continue to control the tape.
The market is still underpricing how cleanly this structure has rolled over. Retail tends to fixate on small intraday bounces, but the more important signal is the persistence of supply absorption below resistance. That usually tells you capital is rotating out on strength, not chasing higher. If that dynamic holds, the path of least resistance remains lower until a meaningful reclaim resets the structure.
Entry: 0.0365 – 0.0372 🔻
Target: 0.0350 📉
Stop Loss: 0.0378 🛑
This is not financial advice. Trade with discipline and size positions according to your risk tolerance.
#NIGHT #Crypto #ShortSetup #Altcoins
