$NXPC OVERSOLD BOUNCE OR FRESH DUMP AHEAD?
$NXPC is currently trading at $1.9453, up +3.56% in the last 24 hours. After a sharp decline toward the $1.94 level, price is attempting to stabilize. With strong sell pressure visible, the next move will reveal whether bulls can defend this zone or if the downtrend deepens.
Key Technical Levels:
• Immediate Resistance: $1.9600 – $1.9850
A reclaim of this zone could trigger a short-term recovery.
• Major Resistance Zone: $2.0000 – $2.0450
This area remains a strong supply zone from earlier breakdown levels.
• Critical Support: $1.8680 – $1.9400
A clean breakdown below this could invite stronger bearish continuation.
Trade Setup:
Bullish Scenario:
• Entry: Above $1.9600
• TP1: $1.9850
• TP2: $2.0100
• TP3: $2.0450
Bearish Scenario:
• Entry: Below $1.9400
• TP1: $1.9000
• TP2: $1.8700
Stop-Loss Recommendations:
• Longs: Below $1.9250
• Shorts: Above $1.9700
Stay alert—this zone is crucial. A strong bounce may offer quick intraday scalps, while a breakdown could trigger panic exits. Let volume and price confirmation lead the way.