🚀 **$NKN/USDT – Breakout in Progress!**
The $NKN token has recently surged past key resistance levels, signaling strong bullish momentum. Here's an updated technical analysis:
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📊 Market Structure
Current Price: $0.0414
Recent High: $0.0418
Recent Low: $0.0350
24h Change: +13.43%
The price has broken through the $0.0400 resistance, touching a high of $0.0418. This breakout follows a series of higher lows, indicating that buyers are in control.
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📈 Trade Setup
Entry Zone: $0.0385 – $0.0405
Take Profit Levels:
TP1: $0.0425
TP2: $0.0450
TP3: $0.0475
Stop Loss: Below $0.0368
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⚠️ Why This Trade Matters
The breakout is supported by strong volume, confirming the strength of the move. If the price holds above $0.0400, we could see accelerated upside as traders chase the breakout.
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💡 Pro Tip
Monitor the 15-minute chart for consolidation above $0.0405. A sustained hold above this level could provide an ideal re-entry point or an opportunity to add to positions.