【$NIGHT Signal】Pullback to buy, main force clearly intends to defend the market

$NIGHT After a surge on the 1H timeframe, a pullback occurs. Current price is 0.05128. The 4-hour MACD remains in a healthy bullish crossover, but the 1-hour MACD fast and slow lines are beginning to converge, indicating slightly weakened short-term momentum. The order book shows significant buy depth around 0.0511, quickly absorbing selling pressure. Liquidity is weaker during early weekend hours, and this sideways movement appears more like active rotation rather than distribution.

🎯Direction: Long

⚡Entry/Orders: Layered accumulation in the 0.0487 - 0.0499 range

🛑Stop Loss: 0.0483

🚀Target 1: 0.0561

🚀Target 2: 0.0592

🛡️Trade Management:
- Execution Strategy: Reduce half of the position after reaching the first target, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0515, consider taking partial profits early.

Position size remains stable during price pullbacks, indicating that funds have not exited in large scale. The 1-hour RSI has fallen back from overbought levels to around 66, providing healthier room for upward movement. Combined with the middle Bollinger Band support on the 4-hour chart and dense buy walls below, this pullback zone offers a very favorable risk-reward ratio. The market is waiting for a new catalyst to regain strength.

View real-time quotes 👇 $NIGHT
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