$NIGHT Weak consolidation below 0.0342 resistance signals an impending breakout toward lower support 📉
Short Trading Plan for NIGHT (20x)
👉Entry: 0.0339 – 0.0342
SL: 0.0347
TP1: 0.0336
TP2: 0.0334
TP3: 0.0332
NIGHT is showing weak consolidation just below the 0.0342 resistance zone. The price is unable to break above it, volume is decreasing, and each upward push is pulled back down. A clear sign of an impending breakout to the downside.
Stop loss is placed at 0.0347, a relatively clean level, above the resistance zone. If it gets swept, no regrets. If the price continues to be rejected, the targets of 0.0336 → 0.0334 → 0.0332 are entirely feasible.
The price range is very narrow, with TPs (Take Profits) very close together (~0.0002-0.0006). Suitable for scalping. Enter small orders and set stop losses correctly.
Resistance is holding back, will there be a breakout downwards? Have you entered yet? Comment to discuss!