📉 $NKN 💯🔥

/USDT Technical Analysis: Bearish Outlook with Entry and Targets 🎯

As we look at the NKN/USDT 1-hour chart, a clear bearish trend is unfolding. The price has broken key support levels and is showing signs of further downside potential. Here's a quick breakdown of the trade setup:

Entry Level:

Consider entering a short position around 0.0204, as the market is currently hovering just above this level. This price point aligns with the recent resistance.

Target 1:

The first target is 0.0190, where the price may find some short-term support.

Target 2:

If the bearish momentum continues, the second target to watch is 0.0180, a key psychological support zone.

Stop Loss:

Place your stop loss at 0.0215 to manage risk effectively in case of a reversal.

🔍 Keep an eye on market volume and any significant news or events that may impact price action.

Happy trading! 🚀

This version avoids using bold style while still providing the key information in an engaging and clear format.