$NXPC STRUGGLING TO RECOVER: BREAKOUT OR ANOTHER LEG DOWN?
NXPC is currently trading at $1.5378, showing a steep -9.63% loss in the past 24 hours. After a sharp sell-off from the 24h high of $1.7200, the price is hovering just above support. With declining volume at 87.29K, traders are watching closely for a breakout—or a deeper pullback.
Key Levels to Watch:
• Immediate Resistance: $1.5550
– A flip of this level may initiate a short-term relief bounce.
• Support Zone: $1.5250
– A breakdown here could push the price toward new intraday lows.
Trade Setup – Watch for Confirmation
Bullish Scenario:
A clean 15m candle close above $1.5550 may lead to:
• TP1: $1.5700
• TP2: $1.5800
• TP3: $1.6050
Bearish Scenario:
If price breaks below $1.5250, expect bearish momentum to extend:
• TP1: $1.5100
• TP2: $1.4850
Stop-Loss Placement:
• Longs: Below $1.5250
• Shorts: Above $1.5550
NXPC is consolidating just above a key support zone. The next decisive candle—especially on the 15m chart—will reveal if bulls reclaim control or sellers press further down. Stay nimble and manage risk accordingly.