$NIGHT is experiencing a healthy correction after the recent upward move. Corrections like this help the market absorb short-term buying pressure and create a stronger base for the next leg down. I’m watching closely as price approaches this key resistance area.
Trade Setup:
Entry Zone: $0.0702–$0.0704
Target 1: $0.0688
Target 2: $0.0675
Stop Loss: $0.0710
This zone is strong because it aligns with previous support-turned-resistance from late November and the 0.5 Fibonacci retracement of the last swing high. Price has reacted here before, showing sellers are defending this level. If this level holds, we could see continuation toward the targets. They’re building strength here, and I’m watching for confirmation of downward momentum.
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NIGHTUSDT
Perp
0.06807
+39.45%