💠 $NXPC

USDT BEARISH PRESSURE – FAILING TO HOLD ABOVE KEY SUPPORT

$NXPCUSDT is currently trading at $0.8971, showing signs of weakness after failing to sustain the breakout above $0.9300. The market has formed lower highs with strong rejections near resistance, indicating further downside potential if momentum persists.

🔑 Key Levels:

Support: $0.8900 (immediate), $0.8800 (major)

Resistance: $0.9100 (minor), $0.9300 (major breakout level)

📉 Trade Setup (Short):

Entry Zone: $0.8980 – $0.9050

Take Profit Targets:

TP1: $0.8900

TP2: $0.8800

Stop Loss: $0.9130

🌐 Market Outlook: The price action reflects a rejection from recent highs with bearish candles forming consecutively. Unless the price reclaims above $0.9100, downside continuation towards the $0.8800 zone remains likely in the short term.

⚠️ Risk Management: Always use strict stop losses and risk only 1-2% of your capital per trade to preserve equity against sudden volatility.

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