$NKN /USDT

NKN/USDT Trade Setup

๐Ÿ“Š Market Snapshot

Current Price: $0.0252

24h Range: $0.0242 โ€“ $0.0272

24h Change: +3.28%

Volume: 87.41M NKN / $2.25M USDT

Trend: Sideways with upward bias

Sector: Decentralized Networking (Web3 infra)

๐Ÿ”น Scenario A โ€“ Range Scalping Setup

If $0.0248โ€“$0.0252 support holds:

Entry: $0.0250โ€“$0.0252

SL: $0.0242 (daily low)

TP1: $0.0261

TP2: $0.0267

TP3: $0.0272 (daily high)

๐Ÿงฎ Riskโ€“Reward Example:

Entry: $0.0252

SL: $0.0242 (โˆ’3.97%)

TP1: $0.0267 (+5.95%) โ†’ RR ~1.5:1

Ideal for tight scalps while BTC holds steady or trends up.

๐Ÿ”น Scenario B โ€“ Breakout Setup

If $0.0272 breaks with volume:

Entry: $0.0273โ€“$0.0276

SL: $0.0261

TP1: $0.0284

TP2: $0.0299

TP3: $0.0312 (historical pivot)

Enter only on a 15m candle close + volume >2x average.

๐Ÿ”ป Scenario C โ€“ Breakdown Risk

If $0.0242 breaks down (loss of support):

Likely retest zones:

$0.0235

$0.0227 (support zone from past swing low)

Avoid longs unless reclaimed over $0.0250 with volume.

๐Ÿ” Key Levels

TypePrice (USDT)Resistance$0.0261 โ†’ $0.0267 โ†’ $0.0272Support$0.0252 โ†’ $0.0248 โ†’ $0.0242Breakout$0.0272+ (confirmed on high volume)Breakdown<$0.0242

๐Ÿง  Strategy Tips

NKN is a low-mid cap with bursts of volume, so:

Trade with smaller size

Stick to the setup โ€” donโ€™t chase spikes

Great for range scalping or pre-breakout entries

Monitor BTCโ€™s price action: If BTC drops below $106.5K, NKN likely weakens

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