【$NIGHT Signal】Long | Healthy Pullback After Breakout with Volume

$NIGHT After volume breakout above previous high on the 4H timeframe, a healthy pullback is underway. The price is consolidating tightly in the 0.0519-0.0520 range, with trading volume sharply decreasing, indicating exhausted selling pressure. The current price is close to the breakout level from above, and the order book shows dense buy support (0.05201-0.05203). Funding rates remain positive but not overheated, providing fuel for further upward movement.

🎯Direction: Long

🎯Entry: 0.0519 - 0.0522

🛑Stop Loss: 0.0512 (Rigid stop loss, below the low of the previous 4H candle)

🚀Target 1: 0.0547 (Previous high resistance)

🚀Target 2: 0.0560 (Equal distance projection)

Hardcore logic: The price broke through the key resistance at 0.0507 with volume (the third 4H candle), with open interest rising simultaneously, confirming that main funds are entering rather than a short squeeze. The subsequent pullback features low volume and narrow fluctuations, typical of a healthy reset after a breakout. The order book’s buy depth at 0.05201-0.05203 forms a solid support, with no large sell orders stacking up. As long as the price holds above 0.0512 (the breakout candle low), the upward path faces minimal resistance. Small loss (about 1.5% stop loss) versus large gain (about 5-8% target), with a clear risk-reward advantage.

Trade here 👇 $NIGHT

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