$NIL IN FREEFALL – IS THIS A BOTTOM OR A DEAD CAT BOUNCE?
$NIL is trading at $0.482, down -6.23%, following a sharp sell-off from the $0.566 high. The price is trying to stabilize near its 24H low—buyers must hold this zone to avoid deeper downside.
Key Levels to Watch
Resistance:
• $0.495
• $0.520
• $0.545
Support:
• $0.473
• $0.450
Trade Setup – Oversold Bounce or Breakdown Ahead?
Bullish Entry:
Break above $0.495 may trigger:
• TP1: $0.520
• TP2: $0.545
Bearish Entry:
Break below $0.473 could drag to:
• TP1: $0.450
• TP2: $0.430
Stop-Loss:
• Longs: Below $0.470
• Shorts: Above $0.497
$NIL is hovering just above a crucial floor. Bulls are showing interest, but confirmation above $0.495 is needed for recovery. A breakdown from $0.473 could trigger fresh lows
