$NKN USDT BEARISH REVERSAL – BULLS LOSING GRIP QUICKLY!

$NKNUSDT showed a sharp upward spike but faced strong rejection near its high, with multiple red candles indicating a potential downside move if support fails to hold.

🔑 Key Levels:

Support: $0.0225

Resistance: $0.0245

Current Price: $0.0233

📉 Trade Setup (SHORT):

Entry Zone: $0.0233 – $0.0237

Targets (TP):

TP1: $0.0228

TP2: $0.0225

TP3: $0.0220

Stop Loss (SL): $0.0242

📊 Market Outlook:

After failing to hold above $0.0240, NKNUSDT is showing signs of weakness with a downward trend forming on lower timeframes. If price breaks below $0.0225 support, it may accelerate towards lower targets.

⚠️ Risk Management:

Always use SL above resistance to limit risk exposure. Keep position sizing small, risking only 1-2% of your capital to maintain long-term trading consistency.

💬 Comment “⚡” if you think NKN will drop to these targets soon!

buy and trade here on $NKN