🚀🔥

$NIGHT
🔍 Analysis of NIGHT Coin – Brief Technical Analysis

1️⃣ Current Price Action

The price is currently around $0.045.

The coin has seen a severe drop of more than 80% from its peak, which was above $2.5.

This type of movement is often due to:

Initial Launch (IDO/IEO)

Token Unlocking

Very high selling pressure from early investors

---

2️⃣ Support and Resistance Areas

🔥 Main Support

$0.021 → this is the bottom from which the price bounced in the long candle.

$0.045 → the current price is considered short-term support/resistance.

🔥 Strong Resistance

$0.117

$0.33

These are very strong areas where the price may face rejection before climbing higher.

---

3️⃣ Technical Indicators (from the chart)

Volume: There is a very high explosion in trading volume → a sign of entry by speculators and strong selling.

Candles: Long wicks to the downside → indicate buying pressure after the drop.

The overall trend is still bearish as long as the price is below $0.117.

---

4️⃣ Proposed Plan (Entry/Exit)

✔️ Safe Entry

$0.030 – $0.045 → suitable buying area for quick trades.

✔️ High-Risk Entry

Close to $0.021 (if it returns to it)

✔️ Selling Targets

Target 1: $0.072

Target 2: $0.117

Target 3 (Ambitious): $0.33

🚨 Stop Loss

Break below $0.018 close under it → exit.

---

5️⃣ Summary

The coin is currently in a consolidation phase after a strong collapse.
It may provide a nice bounce in the short term, 🚀🔥