$NKN USDT SHORT TRADE SIGNAL

After a sharp impulsive move to the upside, price is now showing clear signs of exhaustion near the local top. The structure suggests a distribution phase, with sellers stepping in after the failed continuation. This kind of parabolic move is often followed by a deeper pullback toward the demand zone highlighted on the chart.

Trade Setup (Short):

Entry: $0.0080 – $0.0082

TP1: $0.0072

TP2: $0.0066

TP3: $0.0060

SL: $0.0088

Market Outlook:

Short-term bias is bearish after rejection from the highs. As long as price stays below $0.0088, downside continuation is expected. Reclaiming and holding above this level would invalidate the short setup and shift momentum back to buyers.