$NKN /USDT Short Trade
Current Price: $0.0403
Market Structure: Signs of exhaustion after a strong rally; 1H chart shows rejection wicks and lower highs.
Key Resistance: $0.0425
Key Support Levels: $0.0392 → $0.0370
Short Entry Zone: $0.0402 – $0.0415
Targets:
TP1: $0.0392
TP2: $0.0378
TP3: $0.0365
Stop-Loss: Above $0.0427
Trade Tip:
Confirmation strengthens below $0.0395 with volume. Use tight risk management due to potential quick reversals in low-cap assets.
Strategy: Scalp the weakness and capitalize on the retracement.
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