⚠️ $NIL /USDT BEARISH SLIDE CONTINUES AFTER FAILED RECOVERY ⚠️
$NIL is dumping hard, now trading at $0.547 (-18.96%), after failing to hold above the $0.62 resistance zone. The chart shows a steady series of lower highs and lower lows, confirming bearish momentum.
KEY LEVELS:
Resistance: $0.625 / $0.675
Support: $0.530 / $0.498 (critical zone)
With the price testing the $0.530 support zone, any break below could push it quickly toward $0.498 or lower.
TRADE SETUP (SHORT):
Entry Price: $0.547
Take Profit (TP): $0.498
Stop Loss (SL): $0.625
OUTLOOK:
NIL’s rally from $0.40 to $0.97 is fully retracing. Current structure favors shorts as there’s no strong buying reaction from support areas.
Risk Management:
Risk 1-2% max per trade. Use tight SL and trail profits once near target zones. Avoid overtrading highly volatile setups.
Protect profits — let the trend be your guide!
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