$NKN — Short Trade Plan

Market Mood:

After a strong vertical pump, NKN shows signs of exhaustion near the top. Long wicks and rejection from highs indicate profit-taking. This is a counter-trend short, meant to capture the pullback—not to fight the overall bullish trend.

🎯 Short Setup:

Entry Point (EP): 0.0148 – 0.0153

Targets (TP):

TP1: 0.0134

TP2: 0.0122

TP3: 0.0110

Stop Loss (SL): 0.0178

🧱 Key Levels:

Resistance: 0.0150 – 0.0170

Support: 0.0120 / 0.0090

⚠️ Trade Notes:

Take partial profits quickly—volatility is high.

If price reclaims 0.0155 with strong volume, exit immediately.

Trend remains bullish on higher timeframes, so avoid overextending shorts.

💣 Fast-money setup: Manage risk like a sniper, not a gambler.

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