✍️✨ Trading Analysis on $NKN Coin – A Short-Term Opportunity?
The $NKN coin is trading today at around $0.0295, after bouncing from a support level near $0.0292.
I entered a buy order at 0.0295$ with a stop loss at $0.0279, and my first target is $0.033, which is a resistance level that poses a strong test today.
📌 Technical indicators like RSI and MACD indicate the beginning of bullish momentum, especially with a noticeable increase in trading volume.
The nature of NKN as a coin supporting decentralized infrastructure for internet networks makes it a point of interest amid the growth of DePIN and Web3 policies.
If the price can hold above $0.030, we may see an expansion towards $0.035–0.038.
This trade is based on a calculated risk/reward ratio, with a commitment to the stop loss at $0.0279.
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Do you think NKN is worth following as a DePIN coin?
Do you have a similar trading strategy?
Share your opinion with me 👇
#NKN #DePIN #Web3 #شبكات_لامركزية
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