#发帖赢代币NIGHT

NIGHT $0.062 is it a correction in place or the night before a decline?

NIGHT is currently trading around $0.06200, showing a clear pullback from the previous high, but from an overall structural perspective, it looks more like a normal correction after a rally rather than a trend reversal. Price correction itself is not scary; the key is whether the chips remain stable during the pullback. From the market observation, panic selling is not obvious; it is more like a cooling-off after an emotional retreat.

Analyzing key levels, $0.060–$0.061 is the most important short-term support zone, corresponding to previous high-volume trading areas. If this level holds, it indicates that the bulls still have defensive intent; if it breaks, caution is needed as the price may seek medium-term support in the $0.056–$0.058 range. On the upside, $0.066–$0.068 is the first resistance for a rebound, with strong resistance concentrated at $0.072–$0.075. If this zone cannot be broken with volume, the rebound is likely to be a correction.

In terms of investment strategy, it is more suitable to deploy gradually rather than bottom-fishing all at once at this stage. Aggressive investors can try a small position around $0.061, with a stop loss if it falls below $0.058; conservative investors can wait for the price to stabilize above $0.065 before gradually increasing their position to reduce the risk of being shaken out.

Looking ahead, if market sentiment improves and trading volume picks up, NIGHT is expected to return to the $0.075–$0.085 range; if the overall environment remains weak, it may oscillate within the $0.056–$0.068 range. Currently, $0.062 seems more like a buffer zone before a directional choice.