BlockchainBaller
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$NIL Downtrend Continues, But Opportunity Awaits❗$NIL has been in a consistent downtrend, making lower highs and lower lows. The price recently touched a new 24H low at $0.507, indicating that sellers are still dominating. However, with RSI nearing oversold levels, a possible relief bounce could be around the corner.
Key Levels to Watch:
Resistance: $0.530 / $0.550
Support: $0.507 / $0.490
Potential Setup:
Short Setup: If NIL breaks below $0.507 with volume, expect further downside toward $0.490.
Bounce Setup: A bullish divergence or consolidation above $0.507 could offer a quick recovery toward $0.530.
Pro Tip:
If price consolidates at these levels and breaks above $0.530 with strong volume, short-term bulls could gain control. But, if $0.507 gives way, further downside pressure is expected.
NIL is at a make-or-break zone watch closely for confirmation before entering any positions.
buy and trade here $NIL
Key Levels to Watch:
Resistance: $0.530 / $0.550
Support: $0.507 / $0.490
Potential Setup:
Short Setup: If NIL breaks below $0.507 with volume, expect further downside toward $0.490.
Bounce Setup: A bullish divergence or consolidation above $0.507 could offer a quick recovery toward $0.530.
Pro Tip:
If price consolidates at these levels and breaks above $0.530 with strong volume, short-term bulls could gain control. But, if $0.507 gives way, further downside pressure is expected.
NIL is at a make-or-break zone watch closely for confirmation before entering any positions.
buy and trade here $NIL
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