$NXPC /USDT short trade signal 🚦 🛑
BEARISH BREAKDOWN AFTER SHARP REJECTION FROM HIGHS! 🔻
$NXPC has plunged over -10% in a single move, dropping from $1.8598 to a low of $1.7150. The massive red candle confirms strong bearish dominance, with high volume accompanying the breakdown. Price is struggling to recover, now hovering around $1.7372, signaling continuation risk.
Trade Setup – Short Entry
Entry Zone: $1.7350 – $1.7450
Targets:
➤ Target 1: $1.7050
➤ Target 2: $1.6700
➤ Target 3: $1.6400
Stop Loss: $1.7750
Key Levels:
Resistance: $1.7750 (Post-dump ceiling)
Immediate Support: $1.7150
Breakdown Zone: $1.7150 – if lost again, opens path for further downside
Market Outlook:
The current breakdown invalidates recent bullish structure. As long as price remains below $1.7750, the bearish grip stays firm. Any relief bounce will likely be short-lived unless reclaim of key levels occurs with volume.
Risk Management Tip:
Wait for confirmation under $1.7300 for secure entry and use trailing SLs near each target to maximize downside catch.
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