$NXPC
USDT BEARISH REVERSAL EXPECTED – MAJOR REJECTION SIGNAL 🚨
Price is currently struggling below the strong resistance zone at 0.9760 – 0.9766, indicating potential for a downside move. The rejection wicks show seller dominance around this key supply area.
🔑 Key Levels:
Resistance: 0.9760 – 0.9766
Support: 0.9217 (mid support), 0.9119 (major support)
Current Price: 0.9640
📉 Trade Setup (Short):
Entry Zone: 0.9650 – 0.9760
Take Profit 1 (TP1): 0.9217
Take Profit 2 (TP2): 0.9119
Stop Loss (SL): 0.9766
📊 Market Outlook: Momentum is weakening near resistance with repeated rejections. If sellers maintain control, a drop towards the 0.9217 mid-support and 0.9119 major support is likely. Watch for a clean break below 0.9600 to confirm continuation.
⚠️ Risk Management: Always use position sizing based on your capital. Maintain SL discipline to protect against sudden reversal spikes.
buy and trade here on $NXPC
💭 Do you see this bearish reversal playing out today? Comment below 👇
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buy and trade here on $NXPC