$NXPC /USDT BEARISH REVERSAL — MOMENTUM COOLING AFTER PARABOLIC SPIKE!
After an explosive rally from $0.10 to $3.86, $NXPC has sharply retraced and is now consolidating around $2.58. The chart shows clear signs of distribution with lower highs and fading volume, indicating buyer exhaustion. This setup signals a potential bearish continuation if support fails.
Trade Setup (Short):
Entry: $2.55 - $2.65
Take-Profit Targets:
TP1: $2.10
TP2: $1.57
Stop-Loss: $2.85
Market Outlook:
The momentum has drastically weakened post-spike. If bulls fail to reclaim the $2.80 zone, bears may drive the price back to lower support zones. Volatility remains high — tight risk management is essential.
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