$NKN N/USDT ā BEARISH PRESSURE INTENSIFYING! šØ WILL IT BREAK LOWER?
š Key Levels to Monitor:
Resistance: $0.0815 (Immediate hurdle)
Support: $0.0779 (Key demand area)
Current Price: $0.0805
š„ Trade Plan:
Short Entry Zone: $0.0807ā$0.0815
Take Profit (TP) Levels:
TP1: $0.0795
TP2: $0.0779
Stop Loss (SL): Above $0.0820
š Market Analysis:
The price action indicates rejection at the resistance level, hinting at increasing bearish momentum. A decisive drop below $0.0795 could trigger further downside towards $0.0779. However, if the support holds, a potential rebound could occur.
ā ļø Risk Strategy:
Always prioritize proper risk management.
Use stop losses to safeguard your trades.
Avoid excessive leverage and trade within your comfort zone.
