#NIL🔥🔥🔥🔥🔥

my analysis of the Nillion (NIL) trading data for short-term investment potential, focusing on its price levels, money flow, and key technical indicators.

Key Observations:

1. Price Movement

- Current Price: 0.639-0.641 USDT

- 24-hour Price Range: 0.544 - 0.662 USDT

- Recent Price Change: +1.11% to +1.42%

2. Support and Resistance Levels

- Immediate Support: 0.544 USDT (24-hour low)

- Potential Support Levels: 0.577, 0.599

- Immediate Resistance: 0.662 USDT (24-hour high)

- Potential Resistance Levels: 0.705, 0.738

3. Technical Indicators

- RSI (6): 74.662 (Indicates potential overbought condition)

- Stochastic RSI: 91.190 (Suggests strong bullish momentum)

- MACD: Slightly positive (0.008)

- Moving Averages: Short-term MA(7) at 0.618, showing recent uptrend

4. Money Flow Analysis

- Interesting shift in money flow between the two screenshots

- First image shows net outflow (-469,912.20)

- Second image shows net inflow (+3.97M)

- Large order inflow increased significantly

Short-Term Investment Recommendation:

- Cautiously bullish with some reservation

- Strong momentum, but RSI suggests potential short-term pullback

- Consider entering with tight stop-loss around 0.544

- Watch for consolidation or pullback before entering