$NKN /USDT – BEARISH MOMENTUM LOOMING AHEAD

Current Price: $0.0229

Market Sentiment: Bearish with consistent lower highs and weak buying interest

KEY LEVELS:

Resistance Levels:

$0.0236 – Immediate resistance

$0.0246 – 24h High (Major rejection zone)

$0.0250 – Strong resistance from higher timeframe

Support Levels:

$0.0225 – Local support

$0.0222 – 24h Low (critical level)

$0.0215 – Next strong support zone

TRADE SETUP – SHORT POSITION (Bearish Bias)

Entry: $0.0232 – $0.0236 zone

Targets (TP):

TP1: $0.0225

TP2: $0.0222

TP3: $0.0215 (Extended)

Stop Loss (SL): ❌ $0.0247 (Above resistance zone)

RISK MANAGEMENT:

Use tight position sizing (1–2%) and follow SL strictly. Secure partial profits early to reduce exposure.

Watch for breakdown below $0.0222 – may trigger sharp drop to $0.0215!

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