#Nil Breakout or Pullback?

Currently, NIL is trading at $0.492, reflecting a decline of -11.67% in the past 24 hours. The price is in a strong downtrend and is now hovering near a key support level. The next move will determine whether the price stabilizes and rebounds or continues its downward trajectory.

Key Levels to Watch

• Resistance: $0.500 – A breakout above this level could initiate a recovery, pushing the price toward higher resistance zones.

• Target 1: $0.510

• Target 2: $0.520

• Support: $0.487 – A failure to hold this level could lead to a further decline, triggering another wave of selling pressure.

• Target 1: $0.480

• Target 2: $0.470

Trade Setup – Prepare for Volatility

• Bullish Entry: A confirmed move above $0.500 could indicate a potential reversal and lead to upward momentum.

• Tip 1: $0.510

• Tip 2: $0.520

• Bearish Entry: A break below $0.487 might signal continued selling pressure, leading to a further drop.

• Tip 1: $0.480

• Tip 2: $0.470

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NIL

0.503

-8.87%