TRADE SETUP $NIL

#NIL is dominating the market pulling out gains 18+%… possible entry positions👁️‍🗨️

📈 Chart Overview

• Current Price: $0.4749

• 24h Change: +17.84%

• Recent High: $0.4763

• Recent Low: $0.3990

• Volume: 31.10M NIL

🔍 Indicators Analysis

Price Action

• Strong bullish momentum from $0.3990 to $0.4749.

• Testing and breaking the previous high of $0.4763 — attempting to form a new high at $0.4802.

• Higher highs and higher lows — confirming an uptrend on the 15-min timeframe.

Stochastic RSI

• STOCHRSI: 96.78 / 91.54 — extremely overbought, suggesting a possible pullback or short-term consolidation.

Relative Strength Index (RSI)

• RSI(6): 81.16 — Overbought

• RSI(12): 67.93 — Near Overbought

• RSI(24): 62.30 — Still bullish

Overbought conditions indicate potential for a pullback, but strong momentum can keep pushing.

🧠 Potential Trade Setup

Scenario 1: Breakout Continuation

• Entry: On a confirmed breakout above $0.4802 with strong volume.

• Target 1: $0.4950

• Target 2: $0.5100 (psychological level)

• Stop Loss: Below $0.4632 (previous support)

Scenario 2: Pullback Buy

• Entry: Near $0.4462 – $0.4632 support zone (wait for a wick or bullish reversal candle)

• Target: Re-test $0.4800, then $0.4950

• Stop Loss: Below $0.4292

Scenario 3: Short-Term Scalping Short

Riskier due to strong trend.

• Entry: If price rejects $0.4802 hard with a bearish candle and falling volume.

• Target: $0.4632 short-term

• Stop Loss: Above $0.4820

📌 Notes

• The current momentum is bullish, but RSI and Stoch RSI show overbought conditions.

• Consider waiting for confirmation before entering either breakout or pullback plays.

• Watch volume — if it dries up near highs, a pullback is more likely.