🚨 $NIL /USDT – Short Setup in Play! 🚨
Current Price: $0.553 (+5.13%)
24H High: $0.612 | 24H Low: $0.521
The market is heating up, but the bulls may have run out of steam! After a sharp price surge, we’re seeing a pullback with lower highs setting the stage for a potential reversal. That rejection near $0.60? It’s a classic sign of exhaustion, and it could mean a quick turn in direction.
Key Levels to Watch:
Resistance Zone: $0.590 – $0.612
Support Targets: $0.538, $0.522, $0.508
The Short Setup:
Entry Zone: $0.552 – $0.558
TP1: $0.538
TP2: $0.522
TP3: $0.508
Stop Loss: $0.614
What’s Happening in the Market?
The sharp upper wick and those strong red candles are showing us the market is rejecting higher prices, with profit-taking happening. If the price stays under $0.560, we’re likely looking at more downside.
Pro Tip:
Watch for a drop in volume as price holds below $0.555 – that’ll confirm the bears have taken control and are ready to push this lower. If you act early, you could catch the wave before it really picks up steam.
This setup could be the moment you’ve been waiting for – don’t miss out!
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