Overbought Warning — Is
$NIGHT Setting a Bull Trap? 🌙📉
NIGHT /USDT — SHORT SETUP 🔻
📍 Entry Zone: 0.04613 – 0.04645
🛑 Stop Loss: 0.04779
🎯 Targets:
TP1: 0.04517 🎯 (first pullback zone)
TP2: 0.04442 📉 (continuation support)
TP3: 0.04329 🔻 (full rejection move)
📊 Market Structure Insight:
📉 4H bias strongly bearish — sellers gaining control
⚠️ 15m RSI near 75 — signals overbought exhaustion
🧲 Price sitting near daily range highs, primed for rejection
🔥 Momentum fading — typical setup before pullback or trap
⚔️ Execution Strategy:
✔️ Short near 0.0463–0.0464 resistance zone
✔️ Take partial profit at TP1 to reduce risk
✔️ Watch reaction near 0.045 level — key support
🛑 Exit immediately if 0.04779 breaks — invalidation zone
🔥 Debate Trigger (Engagement Booster):
Do you think
$NIGHT will:
A️⃣ Reject and drop to 0.043 📉
B️⃣ Consolidate before next move 🔄
C️⃣ Break higher and trap shorts 🚀
Vote below 👇 — this level looks critical.
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