🔻 $NXPC
USDT BEARISH BREAKDOWN – SELLERS TAKING CONTROL BELOW KEY SUPPORT
The $NXPCUSDT pair has failed to hold its intraday support, breaking down with strong bearish candles after rejection from highs near 0.9231. Current price action suggests bearish continuation if support levels fail to hold.
🔑 Key Levels:
Support: 0.8927 (critical near-term support)
Resistance: 0.9100 (intraday resistance)
Current Price: 0.8983
🎯 Trade Setup (Short):
Entry Zone: 0.8980 – 0.9000
Take Profit Targets:
TP1: 0.8920
TP2: 0.8880
TP3: 0.8820 (extended bearish target)
Stop Loss: 0.9060
📈 Market Outlook: The market shows bearish momentum with lower highs and aggressive rejection wicks. If the price closes below 0.8927, expect accelerated downside movement towards 0.8800 levels. However, reclaiming above 0.9100 would negate this bearish structure.
⚠️ Risk Management: Maintain strict stop loss levels and risk only 1-2% of your capital per trade. Avoid emotional entries and wait for clean confirmations on hourly closes to ensure disciplined execution.
💬 Comment 🔻 if you’re trading this breakdown or staying out until reversal confirmation!