$NXPC HITS OVERSOLD ZONE – RELIEF RALLY OR FURTHER DUMP?
$NXPC is currently trading at $1.2869, showing signs of stabilization after a heavy sell-off of over -10%. Despite the steep drop, volume remains muted, and any bounce faces stacked resistance ahead.
Key Levels to Watch
• Resistance Zones:
$1.2960 – First key barrier to flip
$1.3080 – Mid-range resistance from previous breakdown
$1.3220 – Major wall for trend reversal
• Support Zones:
$1.2820 – Current local support
$1.2670 – Deeper support in case of further weakness
Trade Setup – High-Risk Zone with Bounce Potential
• Bullish Scenario: A break and hold above $1.2960 could open up targets:
TP1: $1.3080
TP2: $1.3220
• Bearish Scenario: A drop below $1.2820 could expose price to:
TP1: $1.2670
TP2: $1.2500
Stop-Loss Suggestions:
• For Longs: Below $1.2800
• For Shorts: Above $1.2980