NKN is currently trading at 0.0844, maintaining strong momentum after reaching a high of 0.0891 in the last 24 hours. Considering the positive alignment of moving averages, the setup suggests a potential continuation of the bullish trend if key levels are breached.
🎯 Targets to watch:
Target 1: 0.0870 – Immediate resistance; a breakout above this level may confirm the resumption of the upward trend.
Target 2: 0.0895 – Recent high; surpassing this level may signal the next stage of the rally.
Target 3: 0.0920 – Breakout target indicating significant bullish strength.
📉 Support levels:
0.0830 (MA25): Critical short-term support; holding above this level will support the upward slope.
0.0800: Deeper support zone; a breakout below this level could lead to further decline.
⚠️ Note: Volume and price movement in the 0.0890 zone will determine the further direction. Precise placement of the stop-loss is crucial for effective risk management in this volatile phase
