The given chart is targeting a move toward the 0.2275–0.2310 zone.
Price action on $NIL
/USDT has started forming a minor rebound structure after a sharp decline, and $NIL is showing its first signs of a short-term recovery. The recent candles indicate buyers attempting to reclaim lost ground, with price holding above 0.2200 support. If momentum continues, a clean push toward 0.2275 becomes likely, where the next reaction point sits.
From a long-trade perspective, this area offers a favorable setup as long as price stays above the recently formed higher low. A breakout above 0.2235 would strengthen bullish continuation potential. Short traders may watch the same resistance zone, as rejection near 0.2275–0.2310 could offer an exhaustion signal.
Short Outlook:
If NIL fails to hold above 0.2200, weakness may return toward 0.2160 and possibly 0.2145.