【$NIGHT Signal】Long + Volume and Price Breakout with Healthy Pullback

After a volume breakout on the 4-hour chart, $NIGHT is undergoing a healthy pullback below the previous high resistance zone. Price action indicates that buying pressure is continuously absorbing in the 0.053-0.054 range, with no signs of large-scale profit-taking. Funding rates remain positive but not overheated. Open interest is rising along with price, suggesting that the move is driven by major players rather than short squeezes. Order book depth shows a large accumulation of sell orders at around 0.0543 above, forming short-term resistance. Breaking through this level will open up liquidity.

🎯 Direction: Long

🎯 Entry: 0.0535 - 0.0540

🛑 Stop Loss: 0.0528 ( Rigid stop loss, below the low of the previous 4-hour candle )

🚀 Target 1: 0.0570

🚀 Target 2: 0.0600

Core Logic: After breaking through the key 0.050 level, the price closed above it for four consecutive 4-hour candles, confirming the breakout. The latest candle has a small upper wick, indicating a natural cooling after the breakout rather than a reversal pattern. Volume significantly increased during the breakout and then decreased during consolidation, a typical “breakout-confirmation” pattern. Market psychology shows that shorts are being flushed out during the breakout, while longs are building positions on the pullback. As long as the price stays above 0.0528 (near the first pullback low after the breakout), the upward path faces minimal resistance. The profit is in the probability of trend continuation after the breakout.

Trade here 👇 $NIGHT

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#Gate广场创作者新春激励 #当前行情抄底还是观望？ $BTC $ETH $SOL