【$NIGHTUSDT】Operating Techniques Analysis by Institutional Traders

$NIGHT Pre-US market close funding anomaly period, one-hour RSI surged above 70, buying overheated. Four-hour MACD histogram expanding, but one-hour histogram contracting, this pin is too fake, momentum showing disconnection. Buy-sell depth imbalanced, buy wall extremely thick, but the latest four-hour K-line buy ratio dropped to 0.48, active selling pressure emerging. Price stuck between four-hour Bollinger upper band and one-hour EMA50, difficult to move in either direction.
Direction: Cash position
Current risk-reward ratio unfavorable, upper resistance at 0.0482 clear, lower support at 0.0460 not effectively tested. Patiently wait for price pullback to 0.0450-0.0455 zone, observe whether selling pressure exhausts before considering going long. If directly breaks below 0.0460 on volume, abandon bullish plan.
View real-time market 👇 $NIGHT
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