2026-02-07 00:41:31

【$NIGHT Signal】Long | Healthy Pullback After Volume Breakout

$NIGHT Completed a volume breakout on the 4-hour chart, with the current price consolidating tightly near the recent high after the breakout. This is a typical healthy reset rather than a top formation. Buying pressure shows strong absorption in the 0.0505-0.0510 range, and after the short squeeze, market sentiment has turned positive.

🎯 Direction: Long

🎯 Entry: 0.0528 - 0.0535

🛑 Stop Loss: 0.0504 ( Rigid stop loss, below the key absorption zone )

🚀 Target 1: 0.0580

🚀 Target 2: 0.0620

The 4-hour candlestick chart shows three consecutive volume-increasing bullish candles completing a key breakout, with the last candle closing above the previous high, confirming momentum. Open interest has also surged significantly, combined with positive funding rates, indicating that institutional buyers are entering the market, driven by strong demand rather than just short covering. Currently, sell orders are thin on the order book, with shallow pullbacks and no follow-through selling pressure, indicating supply exhaustion. The price consolidates near the first 4-hour high after the breakout, a typical strong consolidation, preparing for the next upward move. The probability advantage lies in the effectiveness of the breakout and the healthy market structure transition.

Trade here 👇 $NIGHT

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NIGHT14,52%

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Galaaxs

· 11h ago

In January 2026, Gate advanced simultaneously in core areas such as multi-asset trading capabilities, on-chain derivatives, and asset management systems, continuously enhancing overall platform trading depth and ecosystem collaboration. On the trading side, Gate Perp DEX's monthly trading volume surpassed $5.5 billion, with on-chain perpetual contracts evolving from a tool-based function to high-frequency usage scenarios; since launch, Gate TradFi's total trading volume exceeded $20 billion, covering traditional asset classes such as metals, forex, indices, commodities, and popular stocks. The demand for multi-asset price trading and cross-market hedging has become a new source of structural growth. At the on-chain entry layer, Gate DEX completed a brand and login experience upgrade, continuously lowering on-chain trading barriers and providing a stable incremental entry point for on-chain spot and derivatives trading.

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