The market structure for **NIGHT/USDT** on the 4H timeframe is currently bearish, characterized by a series of lower highs and lower lows. The price is trading below the key moving averages: **MA(7)**, **MA(25)**, and **MA(99)**, which are acting as dynamic resistance. However, a local bottom seems to be forming around the **0.03342** level, with recent green candles suggesting a potential relief rally or consolidation.


**Spot Entry Logic:**
Look for an entry on a successful retest of the current local support or a breakout above the **MA(7)** (yellow line) to confirm short-term momentum.
* **Entry:** 0.03430 – 0.03450
* **Stop-Loss:** 0.03320 (Just below the recent swing low)
**Take Profit Targets:**
1. **TP1:** 0.03510 (Aligns with MA25 resistance)
2. **TP2:** 0.03640 (Aligns with MA99 resistance)
3. **TP3:** 0.03780 (Previous local peak)
*Not Financial Advice (NFA). Do your own research.*
$NIGHT
NIGHT1.21%
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