NIL has successfully broken its descending trendline and is now retesting the confluence zone of:
– Breakout support
– Ascending wedge
– Demand zone (rectangle)
Entry: 0.312–0.325
Stop Loss: Below 0.2971
Targets:
• 0.414 (+25%)
• 0.480 (+44%)
• 0.560 (+68%)
This is a textbook breakout–retest–continue pattern.
Spot buyers can scale in around the purple box.
Close below 0.2971 invalidates the setup.
DYOR. Not financial advice.
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