$NKN /USDT – Short Trade Signal Triggered! 🚨📉
Current Price: $0.0403
Market Structure:
After a strong vertical rally, NKN is showing signs of exhaustion with clear rejection wicks and lower highs forming on the 1H chart.
Key Resistance: $0.0425
Key Support: $0.0392 → $0.0370
Short Trade Setup:
Entry Zone: $0.0402 – $0.0415
🎯 TP1: $0.0392
🎯 TP2: $0.0378
🎯 TP3: $0.0365
🛑 Stop-Loss: Above $0.0427
Pro Tip:
Watch for a break below $0.0395 with strong volume for increased confirmation. Risk management is crucial as low-cap assets can reverse quickly.
Scalp the weakness—ride the retracement!
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