$NXPC USDT BEARISH MOVE EXPECTED AFTER REJECTION FROM RESISTANCE šŸ”“šŸ“‰

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.

šŸ”‘ Key Levels:

Resistance: $0.9200 – $0.9400 (strong rejection zone)

Support: $0.8880 (24h low), with deeper support seen near $0.8700

Current Price: $0.9009

āš ļø Trade Setup (Short):

Entry Zone: $0.9020 – $0.9100

Take Profit:

TP1: $0.8880

TP2: $0.8700

Stop Loss: $0.9180

šŸ“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.

šŸ›”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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šŸ‘‰ Watch this pair closely for confirmation before entry to ensure optimal trade execution.

buy and trade here on $NXPC