$NIL /USDT – Short Setup in Play! 🚨
Current Price: $0.553 (+5.13%)
24H High: $0.612 | 24H Low: $0.521
Price spiked hard and is now pulling back with lower highs forming. Rejection near $0.60 marks exhaustion — opening the door for a short-term reversal.
Resistance Zone: $0.590 – $0.612
Support Targets: $0.538, $0.522, $0.508
Short Trade Setup:
Entry Zone: $0.552 – $0.558
🎯 TP1: $0.538
🎯 TP2: $0.522
🎯 TP3: $0.508
🛑 Stop Loss: $0.614
Market Insight:
The sharp upper wick and follow-through red candles reflect a rejection pattern and profit-taking. Short bias favored below $0.560.
Pro Tip:
Watch for volume drop with price holding under $0.555 — it confirms bearish grip.
Get in early before the drop accelerates!
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