$NIL / USDT – Potential Bullish Reversal Setup

Long Liquidation Detected: $6.83K wiped out at $0.29665

A cluster of long positions just got liquidated near a key support zone — often a sign of weak hands being flushed before a rebound.

Momentum is stabilizing, and the bulls may attempt a breakout.

📊 Technical Breakdown:

🔽 Liquidation Trigger: $0.29665

⚔️ Immediate Resistance: $0.305

🚀 Breakout Confirmation Zone: $0.309

🧱 Support Area: $0.290 – $0.296

🔄 Trend Reversal Signal: Price reclaiming $0.309 with volume surge

Trade Setup (Bullish Breakout Plan):

Entry: Above $0.309

Target 1: $0.317

Target 2: $0.325

Target 3: $0.336

Stop-loss: $0.289 (just under key support)

Risk-to-Reward: Solid upside with tight risk if breakout confirms

Market Sentiment:

After the liquidation at sub-$0.30 levels, NIL may be poised for a bounce as selling pressure eases.

A breakout above $0.309 with bullish volume would be a green light for momentum traders.

Watch for: Bullish divergence, rising volume, and RSI crossing midline.

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