NKN trade anylisis
#nknusdt #NKNtoken #pumpiscoming #BullishMomentum Here's a technical analysis of NKN/USDT Perp on the 4H chart, based on your screenshot:
---
Current Price: 0.04175 USDT
24h Change: +23.37%
24h High: 0.04326
24h Low: 0.03338
---
Chart & Candlestick Analysis:
Strong bullish breakout from around 0.033 to 0.043, indicating high buying pressure.
Recent candles show momentum continuation, but the body is getting smaller â suggesting slight hesitation or resistance.
Price is forming a bullish structure above previous resistance, which is now acting as support.
---
Moving Averages:
EMA(100): 0.03573 â Price is well above it, showing a strong uptrend.
MA(5): 320M, MA(10): 193M â Upward crossover confirms volume-backed rally.
---
MACD Indicator:
MACD: 0.00067, DEA: -0.00027, DIF: 0.00040
Bullish crossover confirmed.
Histogram is growing, which supports momentum continuation.
---
Support and Resistance Levels:
Support:
0.04030 â Local support from recent breakout retest
0.03860 â Previous candle base
0.03607 â Mid-level base
0.03573 â EMA(100), strong support
Resistance:
0.04326 â 24h high, immediate barrier
0.04500 â Psychological round number
0.04800â0.05000 â Likely next major resistance if momentum continues
---
Trade Setup Suggestion (Momentum Continuation):
Entry Zone:
0.04150 â 0.04190 (current area on consolidation)
Take Profit Targets (TP):
TP1: 0.04320 â Test of high
TP2: 0.04500 â Round level resistance
TP3: 0.04800 â Extension based on breakout
Stop-Loss (SL):
SL1 (tight): 0.04000 â Below short-term support
SL2 (safe): 0.03850 â Below structure low
---
Risk/Reward Example:
---
Conclusion:
Strong bullish breakout with confirmation from MACD and volume, favoring continuation.
However, since the rally is already extended +23%, be cautious of short-term pullbacks.
A short pullback to 0.04030 could offer a safer re-entry.
Would you like a risk-managed strategy for higher leverage or swing trade approach?