๐ $NXPC /USDT โ 1H Technical Analysis
๐ฐ Current Price: $1.3375 (0.00%)
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๐ Momentum Shift in Progress
For the first time in days, #NXPC is trading cleanly above all major moving averages, signaling a short-term bullish reversal may be underway.
๐ Previous Trend: Steep downtrend
๐ Current Setup: Rounded bottom with breakout and MA reclaim
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๐ Moving Averages:
MA(7): $1.3245
MA(25): $1.2871
MA(99): $1.2770
The price has reclaimed the MA(99) and is now using it as supportโa key sign of a momentum shift.
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๐ Key Bullish Signals:
โ Strong candle close above former resistance at $1.32
โ Price reclaiming and holding above MA(99)
โ Bullish structure forming after base rounding
โ ๏ธ Volume isn't shown, but price action suggests conviction
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๐ Key Levels to Watch:
Support:
$1.30 โ $1.28 โ $1.25
Resistance:
$1.35 โ $1.42 โ $1.49
If bulls flip the $1.34โ$1.35 resistance zone, a fast move toward $1.42โ$1.48 could be in play.
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๐ฏ Scalp Trade Idea:
Entry Zone: $1.32โ$1.33 (on pullback or breakout continuation)
Targets:
TP1: $1.42
TP2: $1.49
Stop Loss: Below $1.29 (under MA(25) or recent swing low)
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โ ๏ธ Disclaimer:
This is not financial advice. Always Do Your Own Research (DYOR). Markets are volatileโrisk management is key.