$NXPC /USDT short tread single 🔴
SHORT TRADE SIGNAL – SHARP REJECTION AFTER 24H HIGH! 🔻
$NXPC spiked to a 24H high of $1.5502, but quickly faced strong rejection and is now retracing sharply on the 15-minute chart. Momentum has shifted bearish with multiple red candles forming lower highs — a possible short-term top is in.
Trade Setup (SHORT):
Entry Price: $1.4900 – $1.5200
Target 1: $1.4300
Target 2: $1.3900
Stop Loss: $1.5520
Why Short?
Price surged nearly +13% but has now failed to hold above the $1.52 resistance. The quick drop and failure to reclaim $1.50 suggests exhaustion. If $1.48 breaks further, bears could drag price back to the consolidation zone near $1.39.
Risk Management Tip:
Tight SL is key — avoid getting caught if bulls regain strength. If price reclaims and holds above $1.55, exit the trade.
Sell smart — don’t chase green candles when the trend is turning red!
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