$NKN is currently trading at 0.0240, just below the upper Bollinger Band at 0.0247.
This proximity suggests potential overextension, indicating a correction could be imminent.
The support level at 0.0228 remains crucial; a break below may signal further decline.
Volatility appears to be contracting, which often precedes price consolidation or breakout.
Consider placing stop-loss orders around 0.0227 to manage risk effectively.
Recommended action: wait for confirmation of a reversal or a stronger buying signal before entering a position.
