$NKN
NKN just printed an explosive bullish reversal after a deep sell-off, with massive volume expansion and a strong impulsive candle on the daily chart. Price has reclaimed key short-term MAs, showing momentum-driven bullish strength, but this move is news & volatility fueled, so risk management is crucial.
📈 Trend: Short-term bullish, momentum based (not a long-term structure flip yet).
🔹 Aggressive strategy: Buy on minor pullbacks near 0.0130–0.0135, target 0.0170–0.0190, tight SL below 0.0120.
🔹 Conservative strategy: Wait for a daily close above 0.0170, then buy retest for continuation.
🔹 Scalp traders: Trade volatility only, quick in & out using volume spikes.
⚠️ Keep position size small, lock profits fast, and don’t ignore exchange notices. Momentum is strong, but discipline wins.
