$NXPC USDT BEARISH MOVE EXPECTED AFTER REJECTION FROM RESISTANCE š“š
The price action of $NXPCUSDT is showing weakness after failing to hold above its key resistance zone. The recent rejection indicates a potential short opportunity if bearish momentum continues in the upcoming sessions.
š Key Levels:
Resistance: $0.9200 ā $0.9400 (strong rejection zone)
Support: $0.8880 (24h low), with deeper support seen near $0.8700
Current Price: $0.9009
ā ļø Trade Setup (Short):
Entry Zone: $0.9020 ā $0.9100
Take Profit:
TP1: $0.8880
TP2: $0.8700
Stop Loss: $0.9180
š Market Outlook:
NXPCUSDT attempted a strong upward push but faced a heavy sell-off near $0.9400, forming a sharp wick on the hourly chart. The current lower highs and weak bullish recovery suggest continued downside pressure towards the support levels if sellers maintain control.
š”ļø Risk Management:
Always use proper position sizing. Do not risk more than 1-2% of your portfolio per trade to protect your capital against unexpected market reversals.
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š Watch this pair closely for confirmation before entry to ensure optimal trade execution.
buy and trade here on $NXPC