$NIL Just Triggered a Massive Short Liquidation – Is the Bull Run Just Getting Started?
A short liquidation of $2,081.2 at $0.3986 has set the tone for what could be a powerful breakout. Smart money is shaking out weak hands, and all signs are pointing to an explosive move ahead. Let’s break down the full analysis.
Technical Analysis
After consolidating in a narrow range, $NIL just blasted through the $0.3986 zone, liquidating shorts and igniting bullish momentum. The volume spike and liquidation data suggest aggressive accumulation. The breakout is supported by increasing volume and bullish divergence on the RSI.
Buy Zone
Accumulation Range: $0.3920 – $0.4050
This zone has proven to be a battleground. Bulls are taking control, and any pullback into this range can be seen as a strong buying opportunity.
Target Zones
Target 1: $0.4480 – Key resistance from prior structure
Target 2: $0.4925 – Next major breakout level
Target 3: $0.5250 – Momentum extension target
Stop Loss
Place a tight stop around $0.3830 to protect against a failed breakout. A break below this invalidates the setup and suggests further downside pressure.
Final Thoughts
With short sellers already feeling the heat, $NIL is entering a high-volatility phase. Bulls are not just in control—they're gearing up for domination. Watch for confirmation above $0.4050 to signal full ignition of the bullish move. This could be the calm before the storm. Stay sharp, stay ahead.