$NKN is currently trading near the upper Bollinger Band at 0.0286, indicating potential overextension.
The price is also at resistance, suggesting a possible reversal if it struggles to break through.
Volatility appears to be contracting, which could signal consolidation before a breakout.
Consider placing a stop-loss just below support at 0.028 to manage risk.
Traders should watch for a confirmed breakout above 0.0286 before considering a buy position.
Setting alerts around key levels would be prudent.
