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#NKN/USDT analysis :
#NKN is currently in a downtrend, trading below the 200 EMA and consolidating sideways within a support and resistance zone. The price has recently bounced back from the support zone and is approaching the resistance zone.
It is advisable to wait for the price to test the resistance and potentially reject from that level for a short entry, as the price is expected to continue its bearish momentum. A candle closing above $0.0920 level will invalidate the setup.
TF : 1D
Entry : $0.0820
Target : $0.0610
SL : $0.0920
@RG_Analitics
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#NKN/USDT analysis :
#NKN is currently in a downtrend, trading below the 200 EMA and consolidating sideways within a support and resistance zone. The price has recently bounced back from the support zone and is approaching the resistance zone.
It is advisable to wait for the price to test the resistance and potentially reject from that level for a short entry, as the price is expected to continue its bearish momentum. A candle closing above $0.0920 level will invalidate the setup.
TF : 1D
Entry : $0.0820
Target : $0.0610
SL : $0.0920
@RG_Analitics
Подписаться....