$NXPC Under Collapse – Bears Quickly Gain Control
$NXPC/USDT is currently trading at $1.3456, showing clear signs of bearish momentum after failing to reclaim resistance near $1.3650. The sharp rejection followed by an increase in the volume of red candles indicates strong selling pressure, as support is now being tested.
Key Technical Levels:
• Immediate Resistance: $1.3650 – A key level that bulls need to reclaim to avoid deeper losses.
• Critical Support Area: $1.3380 – A breakdown here could escalate the decline.
• 24-Hour High/Low Range: $1.3925 – $1.2909
Trade Setup – Strong bearish momentum active
Bullish Recovery Scenario:
• Entry: Upon breaking above $1.3650
• Targets:
TP1: $1.3850
TP2: $1.3925
TP3: $1.4100
• Stop Loss: Below $1.3380
Continuation Bearish Setup:
• Entry: Upon breaking below $1.3380
• Targets:
TP1: $1.3250
TP2: $1.3100
• Stop Loss: Above $1.3550
Momentum is fading quickly – Watch for decisive movements below support or a sudden bounce attempt. Risks lean towards further decline unless bulls intervene strongly.
