At first glance, NIGHT looks weak today, but the context matters more than the percentage drop. ‌After the recent expansion toward the 0.068–0.070 zone, price has moved into a cooling phase, not a breakdown. The selloff is sharp on the surface, yet structurally it still sits inside the same range that has been forming over the past few days.

Right now, NIGHT is trading around 0.059–0.060, which is a meaningful area. This zone aligns closely with the MA30 on the 4H chart and historically price has reacted here rather than sliced straight through it. That tells me sellers are active, but buyers have not disappeared.

From a support perspective, there are two levels that matter:

* The first support is the current zone around 0.058–0.060, where price is trying to stabilize.
* If this fails, the next stronger support sits near 0.053–0.055, which previously acted as a consolidation base before the last impulse move.

On the upside, resistance is clearly defined:

* Immediate resistance is around 0.063–0.065, where short-term moving averages are now acting as pressure.
* A more important resistance sits at 0.068–0.070, the recent high. That level would need strong volume to break again.

Volume tells an important story here. Despite the red candles, volume is not expanding aggressively. That usually means this move is more about profit-taking and short-term positioning, not panic selling. If this were a true trend reversal, we would likely see heavier volume and faster follow-through to the downside.

Momentum indicators are cooling but not collapsing. The MACD has rolled over, which is normal after a sharp move up, yet it hasn’t entered a deep bearish expansion. This suggests the market is resetting momentum, not flipping trend.

So how do I read this overall?

This looks like a post-rally digestion phase. Early buyers are locking in gains, late buyers are getting shaken out, and the market is trying to find fair value again. That process often feels uncomfortable, but it’s also how sustainable trends are built.

From a strategy point of view:

* This is not a chase zone.
* For spot buyers, only incremental entries near support make sense.
* For short-term traders, confirmation matters more than prediction. Either a clean bounce from support or a clear breakdown with volume.

My take is simple:
As long as NIGHT holds above the 0.055 area, this move remains corrective, not destructive. A loss of that level would change the picture. Until then, patience matters more than conviction.

The market isn’t offering certainty right now it’s offering information. How price behaves around this support will tell us what comes next.

#PostToWinNIGHT
‌#PostTowinNight