$NIL ๐ BULLISH MOMENTUM ๐
๐ Technical & Chart Overview
**Current Price & Volume:**
NIL is trading around $0.28โ$0.29, with 24โhour volume between $1Mโ$8M depending on the exchange .
**Support & Resistance Levels:**
Support:
**$0.26โ$0.27** โ recent 52โweek lows and turnaround base .
Resistance:
1. **$0.31โ$0.32** โ near-term pivot and psychological round number.
2. **$0.35โ$0.38** โ upper range and midโchannel resistance.
3. **$0.55+** โ long-term potential per trading ideas .
Indicators & Pattern:
RSI is neutral (~50โ55) โ neither overbought nor oversold .
Chart shows a bullish divergence: price holding low while RSI trends upward โ a possible reversal signal .
MACD on weekly is neutral/bearish (signal line above histogram), cautioning against late entries .
Recently broke out of a short-term base, signaling a possible bounce higher .
๐ฏ Short-Term Strategy: "Base Break or Support Bounce"
๐ข Aggressive Entry (Bounce Play):
**๐ Entry:** $0.265โ$0.273 (near base)
**๐ Stop:** Below $0.26
๐ฏ Targets:
TP1: $0.31โ$0.32
TP2: $0.35โ$0.38
๐ฆ Conservative Entry (Breakout):
**๐ Entry:** Post breakout โฅ $0.29 with rising volume
**๐ Stop:** Below $0.285
๐ฏ Targets:
TP1: $0.31โ$0.32
TP2: $0.35โ$0.38
Execution Tactics:
1. Accumulate near $0.27โ$0.28 base.
2. Add on clear volume-backed breakout above $0.29.
3. Shift stop to breakeven once TP1 hits; trail under new pivots.
โ Bottom Line
Nillion is carving out a solid base near $0.26โ$0.28 with bullish signals (RSI divergence and breakout). A bounce or breakout move toward $0.31โ$0.38 is viable if volume confirms the move.
Entry (Aggressive): $0.265โ$0.273
Entry (Conservative): Breakout > $0.29
Stop: < $0.26 (bounce) or < $0.285 (breakout)
Targets: $0.31โ$0.32 โ $0.35โ$0.38
๐ Disclaimer
This is educational only, not financial advice. NIL is volatile with medium liquidity. Always DYOR, use stop-losses, and size positions to your risk appetite.