NIGHT/USDT (1H) Trade Plan

$NIGHT ‌#BTCBreaks66000
Market Structure
Current Price: 0.02428
24H High: 0.02500
24H Low: 0.01732
24H Change: +35.42%
NIGHT has experienced a strong impulsive rally and is now consolidating just below the 0.02500 resistance. The trend remains bullish, with price holding above all major moving averages (MA5, MA10, MA30 and EMA30).
Technical Analysis
Trend: Bullish
Moving Averages: Price remains above all key MAs, confirming buyers are still in control.
MACD: Positive, but the histogram is flattening, indicating bullish momentum is slowing.
KDJ: Above 80, showing an overbought condition. A short-term pullback is possible before the next move higher.
Key Levels
Support
0.02380
0.02320
0.02220 (EMA30)
Resistance
0.02500
0.02560
0.02650
Long Trade (Preferred)
Entry Zone 1: 0.02380–0.02410
Entry Zone 2: Buy only after a confirmed 1-hour candle closes above 0.02500 with strong volume.
Targets
TP1: 0.02550
TP2: 0.02620
TP3: 0.02700
Stop Loss
Aggressive: 0.02320
Conservative: 0.02280
Short Trade
A short position is only favorable if the price closes below 0.02320 on the 1-hour chart.
Targets
0.02250
0.02180
0.02080
Stop Loss
Above 0.02460
Strategy
Do not chase the price after a 35% rally.
Wait for either a pullback to support or a confirmed breakout above 0.02500.
If volume increases on the breakout, the probability of reaching 0.02650–0.02700 improves significantly.
Risk Management ($150 Position)
Risk 1–2% of capital per trade.
Take profits in stages:
40% at TP1
30% at TP2
30% at TP3
Move the stop loss to breakeven after TP1 is reached.
Overall Bias
Bullish. The trend remains upward, but with momentum cooling after a sharp rally. The highest-probability setup is to buy on a healthy pullback or on a confirmed breakout above 0.02500, rather than entering after an extended move.