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

RISKY DUE BINANCE MONITORING TAG 📊 Technical Breakdown 📉 Pattern: Falling Channel The 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 Level Marked at: 0.0268 USDT Entry is placed slightly above the breakout zone of the falling channel. 🛑 Stop Loss (SL) Marked at: 0.0256 USDT SL is positioned just below recent consolidation support and below the lower boundary of the channel. 🎯 Take Profit (TP) Targets TargetPrice (USDT) TP10.0313 TP20.0349 These 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 Analysis RSI 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 Setup ParameterValue Entry0.0268 USDT Stop Loss0.0256 USDT Take Profit 10.0313 USDT Take Profit 20.0349 USDT Risk/Reward~1:2 to 1:4