NIGHT is trading around 0.0496 after a clean rebound from the 0.0474 liquidity sweep. That downside move flushed weak longs and triggered liquidations, which is visible in the long lower wicks and the quick reclaim above short term moving averages. Price has now pushed back above the intraday trend line, signaling a short term momentum shift.
Liquidity behavior shows bids stepping in aggressively near 0.0475, suggesting whale accumulation rather than panic selling. Volume expanded on the bounce, confirming real participation. Funding on perps remains relatively calm, which tells me this move is not driven by overcrowded leverage and still has room to extend. Structurally, NIGHT has printed a higher low and broken the minor bearish structure on the 15m. As long as price holds above 0.0488, the bias stays constructive. The next resistance zone sits near 0.0505 to 0.0515 where sell side liquidity is resting. Failure to hold 0.0488 would weaken the setup and shift momentum back to range behavior.
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NIGHT is trading around 0.0496 after a clean rebound from the 0.0474 liquidity sweep. That downside move flushed weak longs and triggered liquidations, which is visible in the long lower wicks and the quick reclaim above short term moving averages. Price has now pushed back above the intraday trend line, signaling a short term momentum shift.
Liquidity behavior shows bids stepping in aggressively near 0.0475, suggesting whale accumulation rather than panic selling. Volume expanded on the bounce, confirming real participation. Funding on perps remains relatively calm, which tells me this move is not driven by overcrowded leverage and still has room to extend.
Structurally, NIGHT has printed a higher low and broken the minor bearish structure on the 15m. As long as price holds above 0.0488, the bias stays constructive. The next resistance zone sits near 0.0505 to 0.0515 where sell side liquidity is resting. Failure to hold 0.0488 would weaken the setup and shift momentum back to range behavior.
Trade setup TP 0.0505 then 0.0518 SL 0.0486
My take NIGHT is showing a short term bullish recovery after a liquidity grab, but continuation depends on holding above reclaimed support. Do your own research.
$NIGHT #PostToWinNIGHT🔥
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