$NIGHT – Short Liquidation Alert
Liquidation Size: $3.7375K
Price at Liquidation: $0.06249
Market Insights: NIGHT is showing strong short-term bearish pressure, evidenced by this significant short liquidation. The sudden liquidation indicates that buyers were caught off-guard as sellers dominated. Momentum currently favors further downside unless strong support steps in.
Next Move: Watch for price to stabilize near $0.06050 – this is the immediate support zone. A bounce from this level could create a short-term rally, but a breakdown below $0.060 could accelerate bearish movement.
Targets:
TG1: $0.0612 – near-term correction level
TG2: $0.0595 – strong support, potential accumulation zone
TG3: $0.0570 – extended bearish target if sellers continue to dominate
Trading Note: Entry for potential shorts could be considered on a rebound towards $0.063, with tight stop loss above $0.064.
