NKN/USDT SHORT Setup (Binance Futures)

Chart Timeframe: 1H

Leverage: 5x–20x (Use risk management)

Entry Zone: $0.03940 – $0.04020

Current Price: $0.03926 (+18.00%)

Target Levels:

🏹 Target 1: $0.03900

🏹 Target 2: $0.03860

🏹 Target 3: $0.03820

🏹 Target 4: $0.03780

🏹 Target 5: $0.03740

🏹 Target 6: $0.03700

Stop Loss: $0.04200 (Above recent breakout wick)

Technical Notes:

NKN has faced strong resistance around $0.04649, followed by significant selling pressure.

The price has now broken below the 7 EMA on the 1H chart, suggesting a potential short-term correction.

Volume spike and candle structure support a short setup within the defined entry zone.

MA(25) and MA(99) remain below price, indicating the medium-term trend is still bullish — manage risk accordingly.

Trade safe and use proper stop-loss and position sizing!

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