$NKN - SETUP SHORT📊
QUICK ANALYSIS:
Trend: Bearish across all timeframes
🎯 SHORT ENTRY:
Entry 1 (70%): 0.09400 - 0.09450
Entry 2 (30%): 0.09700 - 0.09800 (if it retraces)
⛔️ STOP LOSS: 0.10200 (+8.0%)
🎯 TARGETS:
TP1: 0.09200 (-2.5%) [40%]
TP2: 0.08800 (-6.4%) [30%]
TP3: 0.08400 (-11.0%) [30%]
✅ REASONS FOR SHORT:
Clear rejection at resistance 0.11000
Descending higher highs and lower lows structure
Dominant bearish momentum
Well-defined descending channel
Volume confirming movement
⚠️ MANAGEMENT:
Move SL to breakeven after TP1
Exit if it breaks 0.10000 with volume
R/R: 1:2.5
❌ DO NOT ENTER IF:
Breaks and holds above 0.10000
Volume significantly increases in buying zone
Forms reversal pattern on 4H
NOTE:
Market is in a clear bearish trend, take advantage of bounces to resistances for shorts. Conservative management due to current volatility. Pay attention to behavior at support 0.09200 for possible reversal.
