yesterday we invest 1 thousand but after one hour we lost 50 dollars

Nillion ($NIL ) is currently trading at approximately $0.5794 USD.

A recent long liquidation of $1,287 at $0.5792 indicates notable selling pressure around this price level. Analyzing NIL's current market position is essential for informed trading decisions.

Key Support and Resistance Levels:

Support Levels:

$0.54: Identified as the 0.236 Fibonacci retracement level, suggesting potential buying interest.

$0.40: A deeper support level if the price declines further.

Resistance Levels:

$0.6491: Recent intraday high, indicating a potential resistance point.

$0.8083: A higher resistance level observed in recent analyses.

Buy Zone, Target, and Stop Loss:

Buy Zone: Considering the current price and support levels, a potential buy zone could be between $0.54 and $0.58.

Target: If NIL maintains support and breaks through resistance levels, potential targets include $0.6491, followed by $0.8083.

Stop Loss: To manage risk, setting a stop loss slightly below the support zone, around $0.52, could be prudent.

Market Outlook:

NIL's ability to hold above the $0.54 support level is crucial for its bullish case. Technical analyses suggest that maintaining this support could lead to significant upward potential.

Conclusion:

Given the current market dynamics, entering a long position in the $0.54–$0.58 buy zone with targets at $0.6491 and $0.8083, and a stop loss at $0.52, could be a strategic approach. However, it's essential to stay informed about market trends and adjust your strategy accordingly.

*Note: Trading cryptocurrencies involves significant risk. Always conduct thorough research and consult with a financial advisor before making any investment decisions.*

#BinanceAlphaAlert
$NIL