$NXPC /USDT TECHNICAL ANALYSIS – BEAR FLAG FORMATION AFTER SHARP REJECTION!
$NXPC is currently trading at $1.3177, down 5.22% in the past 24 hours. After testing the resistance near $1.3980, the pair faced strong rejection and has since formed a series of lower highs and lower lows. The price is now hovering near the local support of $1.2972, showing signs of a bearish flag continuation.
Market Outlook:
Price action on the 1H chart indicates consolidation after a downtrend.
Support at $1.2972 is crucial — a breakdown could trigger further sell pressure.
Resistance now lies at $1.3400, and a break above that would weaken the bearish case.
Why Bearish?
Sharp rejection near $1.42 with heavy upper wicks.
Bear flag forming under declining volume.
No bullish engulfing or strong reversal candle observed yet.
Risk Management Tip: Avoid early long entries. Wait for confirmation above $1.34 or breakdown below $1.29 before committing to a position.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
