Batool Al-Harazi
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Bullish
$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
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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.
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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.
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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.
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5️⃣ Summary
The coin is currently in a consolidation phase after a strong collapse.
It may provide a nice bounce in the short term, 🚀🔥
🔍 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, 🚀🔥
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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