š Trade Signal: $NKN /USDT | ā³ Timeframe: 15m/1D
šÆ Bias: š„ Bullish (Caution: Overbought RSI)
š Key Zones
š Live Price: $0.0419 (±17.37% from previous close)
ā” Entry Zone: $0.0415ā$0.0420 (Ideal: Near current price)
šÆ Profit Targets: š¹ T1: $0.0451 (+7.6%) | š¦ T2: $0.0477 (+13.8%) | š T3: $0.0510 (+21.7%)
ā Stop Loss: $0.0340 (-18.8%) | š Breakeven: At T1 Hit
āļø R:R: 1:3 (Auto-adjusted to targets)
š¬ Market Breakdown
š Pattern: Uptrend with potential breakout above 24h high ($0.0451).
š¶ Indicators:
RSI(6): 78.3 (Overbought but holding strength) š
MACD: Bullish crossover (DIF > DEA = 0.0007) āØ
Fib Levels: Key resistance at 0.0451 (24h high) š
š Catalysts: Token Unlock event (monitor for sell pressure) š
š” Sentiment: Mixed (High 24h Vol: $28M š vs. Overbought RSI š)
š”ļø Risk Plan
š Size: 2-3% Capital (Adjust leverage cautiously; avoid overexposure)
š„ Max Loss: 0.5% of Portfolio
š Drawdown Hedge: Trail stop loss to breakeven at T1, partial profit booking.
Note: Watch for RSI divergence and MACD reversal. Token unlock could introduce volatility. Adjust SL if price closes below $0.0383 (MA25 support).$NKN