$NIL BREAKOUT IN MOTION – CAN IT PUSH TOWARD $0.5800?
NIL/USDT is currently trading at $0.5595, printing a strong +19.47% gain on the day. The price has broken past multiple resistances with healthy volume at 180.39K, showing strong buyer interest and upward pressure.
Key Levels to Watch
• Resistance: $0.5602 – A breakout above this level could fuel a move toward $0.5740 and $0.5800.
• Support: $0.5470 – A drop below this may send NIL toward $0.5320 and $0.5150.
Trade Setup – Bullish Bias with Caution
Bullish Entry: If price closes above $0.5602, possible upside targets are:
• TP1: $0.5740
• TP2: $0.5800
Bearish Entry: A rejection at resistance with a break below $0.5470 may lead to:
• TP1: $0.5320
• TP2: $0.5150
Stop-Loss:
• Longs: Below $0.5530
• Shorts: Above $0.5610