$NXPC – Heavy Dip or Buy Zone? 🎮🔻
$NXPC has taken a sharp -6.75% hit in the last 24 hours, sliding from $2.05 to as low as $1.77. The chart shows a consistent downtrend with no strong reversal signal yet, but price seems to be finding short-term stability near the $1.80 zone. This could be the calm before either a dead cat bounce or a proper reversal setup.
If $NXPC can hold above $1.77 and break above the $1.85 short-term resistance, we might see a relief rally toward $1.95 or even $2.00. However, caution is key — falling knife patterns can trap early buyers. Wait for a confirmed breakout before entry.
Trade Setup:
Entry: $1.80
TP1: $1.90
TP2: $1.98
TP3: $2.08
SL: $1.74