Let's move on with $NIGHT
This thing is a strong downtrend in 4H, not a timid downtrend, but a confident one.
Supertrend is still red, very red, like a traffic light during rush hour.
Since 0.097, it has only gone down, made weak pullbacks, and continued falling.
In other words, anyone looking for the "big long" is lost.
This isn't a market for heroes, it's a market for brainy scalpers. You know how it is..
Just to analyze quickly
Current price: ~0.071
Already swept lows at 0.07060
Clear liquidity below in the 0.070 – 0.069 zone
Heavy supply above from 0.073 – 0.075
The price is resting after the big drop, watching who it will target next.
🟢 To trade a LONG (only if it drops, don't be stubborn)
When do I buy?
If $NIGHT drops again and touches the 0.070 – 0.0695 zone, that's when I get in.
How do I do it?
I enter near 0.070
I hop on the bus
Short rebound, no illusions
I get off around 0.0725 – 0.073
Short stop, below 0.069
This is a technical bounce, not a miraculous resurrection.
If it doesn't bounce quickly, I close and that's it.
🔴 To trade a SHORT (the serious business)
When do I sell?
If
#NIGH rises and reaches 0.073 – 0.075, that's when I get serious.
How do I do it?
I enter short in that zone
First drop: 0.071
If it keeps going: 0.070
And if the market turns nasty: 0.069
There's people buying late up there saying
"it's already dropped enough"...
and the market happily taking that liquidity.
Today $NIGHT is for thoughtful scalpers,
not dreamers.
Watch out, friends, do your own analysis and monitor the price closely since everything changes and must be adapted, so stay alert