I’ve been staring at this $NIGHT chart for ten minutes trying to decide if this is a gift or a trap.
The rejection at 0.1192 was pretty aggressive, but the way it’s bouncing off that 0.0910 area suggests there’s still a lot of interest. We’re currently sitting at 0.1022, and it feels like the price is trying to decide on its next major direction.
Volume is absolutely massive at 690M USDT, so this isn’t just some low-liquidity noise. People are actively fighting over this level.
If we can hold this consolidation above 0.0980, I’m looking for a move back up to test that recent peak. However, if the selling pressure picks up again and we lose 0.0880, it could get ugly fast as people rush for the exit.
I’m playing this one candle by candle. The volatility is high enough that you don’t need to catch the whole move to make it worth it.
NIGHTUSDT
Prep
0.10272
-12.86%