Short Entry Strategy for $NIL
/USDT
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1. *Coin Name*: NIL/USDT
2. *24-Hour Changes*: -13.80%
- *Current Price*: 0.537
3. *Targets*:
- *TP1*:0.521 (24h Low) — First target as it's the nearest support level.
- *TP2*: 0.512 — Additional support level in case of continued bearish momentum.
4. *Entry Time*:
- Enter a short position if the price breaks below *0.537*, confirming the downward trend.
5. *Stop Loss*:
- Set the stop loss at *0.637* (24h High) to limit losses in case the price moves upward.
6. *Take Profit*:
- *TP1*:0.521 — First take profit target.
- *TP2*: 0.512 — Second take profit target in case of more extended downward movement.
7. *Maximum Profit*:
- The maximum profit will be realized if the price falls to *0.512*.
- *Potential Profit*: 0.537 (entry) -0.512 (TP2) = *0.025 per unit*.
8. *Maximum Loss*:
- The maximum loss will occur if the price rises above the stop loss level of *0.637*.
- *Potential Loss*: 0.637 (stop loss) -0.537 (entry) = *0.100 per unit*.
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*Summary*:
- *Entry*: Below *0.537*
- *Stop Loss*: Above *0.637*
- *Take Profit*: *TP1* at0.521, *TP2* at 0.512
- *Maximum Profit*:0.025 per unit
- *Maximum Loss*: $0.100 per unit#VIRTUALWhales
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