Some time ago, I opened a short position on NIGHT at 0.051 and held it until the 2 billion reward event at a major exchange ended. During this period, the price hovered around 0.078, showing quite strong resilience. Ultimately, I decided to cut my losses and exited with a loss of 300 dollars. However, this price level gave me confidence, and I turned around to go long, gradually buying over 1,000 spot coins. Plus, with the rewards from the platform's financial management activities, I not only recovered my previous losses but also made an extra 200 dollars.

In the past couple of days, the obvious decline at 8:30 in the morning was actually due to concentrated selling pressure after completing the previous pledge financial activities. Institutions and large investors cashed out their profits, causing short-term liquidity pressure.

From a longer time frame, the trend of NIGHT remains optimistic. The 0.078 level has already formed a clear support, and I will continue to look for opportunities to add positions. As long as the fundamentals are sound, the opportunities to accumulate at low levels often won't slip away in vain.