$NKN /USDT Price Action Analysis 📊🔥

Current Price: $0.0947 (+6.17%)

Chart: 30-Minute Timeframe

The market structure shows strong bullish momentum, with price bouncing from a recent low of $0.0810. The sharp rally has formed higher highs and higher lows, indicating buyers’ dominance.

Key Levels for Trading:

Long Entry:

• $0.0920 (support zone for a pullback)

• Target: $0.0980 and beyond.

• Stop Loss: Below $0.0900.

Short Entry:

• $0.0961 (recent resistance area).

• Target: $0.0905.

• Stop Loss: Above $0.0975.

Market Outlook:

• Bullish Scenario: A breakout above $0.0961 could lead to a surge toward $0.1000+.

• Bearish Scenario: If $0.0920 fails as support, expect a retest of $0.0880 levels.

Secure partial profits at key levels and trail stop-losses to lock in gains. Patience and discipline are the keys to success!

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