$NKN BREAKOUT OR PULLBACK?
NKN is currently trading at $0.0358, up +23.88% in the last 24 hours. After a strong rally, the price is consolidating near resistance with decent volume. The order book leans slightly bullish (55.19% bid strength), but a breakout or rejection from here will decide the next move.
Key Levels to Watch
• Resistance:
$0.0360 – Immediate resistance level
$0.0380 – Next upside target
$0.0403 – 24H high and major breakout zone
• Support:
$0.0346 – Key short-term support
$0.0330 – Breakdown risk level
$0.0308 – Stronger support from previous base
Trade Setup – Prepare for Volatility
• Bullish Entry:
A move above $0.0360 with volume could spark another rally.
Target 1: $0.0380
Target 2: $0.0403
• Bearish Entry:
A break below $0.0346 could trigger a pullback.
Target 1: $0.0330
Target 2: $0.0308
Stop-Loss Tip:
Set tight stops around $0.0345 (for longs) or $0.0362 (for shorts) to reduce downside risk.
NKN is on watch—wait for confirmation before jumping in, as it approaches a decision point.