$NXPC / USDT Short Trade Alert: Rejection Near Resistance Zone š»
$NXPC / USDT is exhibiting signs of exhaustion after a sharp rally. The price was rejected near the $2.12ā$2.13 resistance zone, forming a lower high and struggling to regain upward momentum. This signals potential bearish continuation if support fails.
š Trade Setup
Entry: $2.07
Take Profit: $1.95
Stop Loss: $2.13
ā ļø Why Short?
Double rejection near $2.12 zone
Lower highs forming on the 4H chart
Decreasing bullish momentum and wicks on top indicate seller strength
Breakdown below $2.00 would trigger a sell-off toward $1.95 support
Maintain tight stop-loss discipline, as a break above $2.13 could invalidate the bearish bias.
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