Key Points:
- Current Price: $0.0371
- Entry Zone: $0.0360 - $0.0375
- Targets:
- Target 1: $0.0395
- Target 2: $0.0420
- Stop Loss: $0.0345
Analysis:
- The analysis suggests a potential rebound setup for $NKN, with a bounce from lows near $0.0333.
- The 4H chart indicates bullish momentum could build if $NKN breaks above $0.0383.
- Volume is nearing 90M, and sustained buying is needed to validate the move.
Trading Strategy:
- Buy in the entry zone ($0.0360 - $0.0375)
- Set stop loss at $0.0345
- Target profits at $0.0395 and $0.0420
Keep in mind that technical analysis is subjective, and market conditions can change rapidly. Always do your own research and consider multiple perspectives before making trading decisions.
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