📉 $NIL /USDT – Short Setup (4H Timeframe)
⛔️Entry Zone: $0.2952 – $0.300
🛑Stop-Loss: $0.318 (above resistance & recent swing high)
🎯Take-Profit Levels:
TP1: $0.286
TP2: $0.270
TP3: $0.252
📊Technical Context:
NIL/USDT is facing strong resistance at the $0.305 level, failing multiple breakout attempts. Momentum indicators (RSI and MACD) are weakening, and price action is showing signs of a lower high on the 4H chart. A breakdown below $0.295 would confirm bearish continuation.
📝Strategy Notes:
Favoring risk-managed short entries within the resistance zone. Trade invalidation on breakout above $0.318 with volume.