$NIGHT 36% Surge! Is the Breakout Sustainable?
Chart Analysis (What you see)
• Acknowledge the Move: "Massive 36% move for $NIGHT on high volume (5.88B) in the last 24 hours! The 15m chart shows a sharp vertical increase."
• Technical Check: "The price decisively broke out of the Bollinger Bands, pushing past the Upper Band at $0.07042 to hit a High of $0.07169. This suggests the move is overextended in the very short term."
• MACD Confirmation: "MACD confirms the bullish strength, with the DIF (0.00497) well above the DEA (0.00299), giving a strong buy signal for momentum traders."
3. Key Levels & Trading Plan (What to do next)
• Immediate Support: "Watch the old Upper Bollinger Band at $0.07042 as immediate support. If it holds, we could see another push."
• Key Re-entry/Support Zone: "A healthy pullback to the Middle Band ($0.05473) would be an excellent re-entry zone for longer-term buyers, but this seems unlikely immediately due to the momentum."
• Risk/Invalidation: "If the price drops and closes below the previous consolidation range (around the low $0.045 mark), the bullish structure would be invalidated."
