$NIGHT /USDT BEARISH SETUP: TECHNICAL ANALYSIS

$NIGHT/USDT is experiencing strong bearish momentum after a sharp 17.12% drop. Price is breaking key support levels, indicating potential continuation to the downside. Traders should look for short opportunities on confirmed breakdowns.

Entry: Short below 0.0460

Targets (TP): 0.0420, 0.0385, 0.0350

Stop Loss (SL): 0.0500

Technical Points:

Trend Analysis: Lower highs and rapid decline confirm strong bearish momentum.

Support/Resistance: Immediate support at 0.0460; resistance near 0.0500.

Volume: Rising selling volume reinforces downward pressure.

Moving Averages: Price below short-term MA, signaling trend continuation.

RSI: In oversold territory; watch for minor pullbacks before entry.