Technical analysis by aliaezaaz about Symbol NKN: Buy recommendation (4/5/2025)

RISKY DUE BINANCE MONITORING TAG📊 Technical Breakdown📉 Pattern: Falling ChannelThe price has been moving inside a descending channel, which often acts as a bullish continuation or reversal pattern.A breakout above the upper trendline of the channel has been marked as the entry point, signaling a potential reversal of the downtrend.💵 Entry LevelMarked at: 0.0268 USDTEntry is placed slightly above the breakout zone of the falling channel.🛑 Stop Loss (SL)Marked at: 0.0256 USDTSL is positioned just below recent consolidation support and below the lower boundary of the channel.🎯 Take Profit (TP) TargetsTargetPrice (USDT)TP10.0313TP20.0349These zones align with previous support-turned-resistance levels from before the sharp price drop.TP1 is a conservative level, while TP2 aims for a larger breakout recovery.📈 RSI AnalysisRSI formed a bullish divergence with price (price made lower lows while RSI made higher lows).RSI has crossed above the 50 level, indicating building bullish momentum.A breakout from the RSI trendline confirms the strength behind the move.✅ Summary: Trade SetupParameterValueEntry0.0268 USDTStop Loss0.0256 USDTTake Profit 10.0313 USDTTake Profit 20.0349 USDTRisk/Reward~1:2 to 1:4