@MidnightNetwork just like the name suggests, midnight SML according to BTC
The Long team/Buy fomo when breaking through $0.0535 was completely wiped out at SL (Stoploss); the TP price of this BUY team is in the range of $0.0585. This is TP number 2 of the SHORT team at $0.0486
The price range of $0.046-$0.047 is the potential liquidity area. The likelihood of a dip below this range is quite high.
Assuming if the current price breaks up to ~ $0.05, then a Short can be targeted at ~ $0.0515 (safe SL ~ $0.0554)
Currently, chasing Short is not the choice at this time when the reward ratio is no longer favorable.
NIGHTUSDT
Perp
0.04618
-7.26%