$NKN Trading Opportunity Alert!
Current Setup: $NKN is showing a bullish breakout from a descending wedge on the 4H chart, with strong momentum. Price is hovering around $0.042, supported by a surge in 24H trading volume (+70% to $270M). RSI indicates room for upside, while MACD shows bullish crossover.
Entry Zone: $0.040–$0.042 for a solid risk-reward ratio.
Stop Loss: $0.038 to protect against volatility.
Targets:
TP1: $0.046 (+10%)
TP2: $0.052 (+25%)
TP3: $0.065 (+55%)
Why $NKN ?
Recent 128% weekly gains and partnerships (e.g., iQIYI, China Mobile) signal strong fundamentals. Over 101K nodes make it a leader in decentralized networks. High volatility = big potential!
Strategy: Enter on a pullback to $0.041 with confirmation of support. Scale out at TP1 to secure profits, hold for TP2/TP3 if momentum persists. Manage risk tightly due to crypto volatility.
Stay sharp, traders! Always DYOR and trade responsibly. Let’s ride this wave!
