Long $NKN Trade Setup

Timeframe: 1H

🔹 Entry Zones:

Aggressive Entry: $0.0405 – $0.0412 (current consolidation zone)

Safer Entry: On reclaim of $0.0425+ with volume

🔹 Stop-Loss (SL):

Below local support: $0.0394

Tighter SL option: $0.0400 (for active management)

🔹 Take-Profit Targets (TP):

TP1: $0.0438 (minor resistance)

TP2: $0.0450 (previous high)

TP3: $0.0475+ (if momentum extends and breaks new highs)

🔹 Chart Analysis:

Strong bullish impulse with big green candle and large volume

Currently forming a bullish flag/pennant

Consolidation on decreasing volume — often a bullish sign

🔹 Trade Notes:

Wait for confirmation candle above $0.0422 with volume for safer entry

Monitor BTC market sentiment for broader confirmation