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$NIGHT Price is pulling back after a strong upward move and now trading near 1.23.
On the 1H view, this looks like a normal correction, not panic selling.
What stands out
Previous rally topped near 1.35
Price is cooling inside a healthy range
Momentum slowed, but structure still holds
Key levels
Support: 1.20
Resistance: 1.30
Multi-timeframe view
Short term: Sideways movement while buyers defend support
Mid term: Holding above 1.20 keeps upside continuation possible
Below support: Deeper pullback before next attempt
This is my personal market view, not financial advice.
Always manage your own risk.