$NXPC
USDT BEARISH TREND CONTINUES – SELL RALLIES FOR SAFE PROFITS
$NXPCUSDT remains in a strong downtrend on the 1H chart, showing lower highs and lower lows with minor consolidation near the current level. The market structure suggests sellers are still in control.
🔑 Key Levels:
Resistance: $0.9220 – $0.9290
Support: $0.9100 – $0.9014 (24h low)
Current Price: $0.9164
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📉 Trade Setup (Short):
Entry: $0.9160 – $0.9200
Targets:
🎯 TP1: $0.9120
🎯 TP2: $0.9080
🎯 TP3: $0.9015
Stop Loss: $0.9300 (Above resistance and trend invalidation)
🌐 Market Outlook:
Bearish momentum is holding strong with minor relief rallies failing to break key resistance zones. If the price loses $0.9100 support, sellers could push towards the psychological $0.9000 level soon.
⚠️ Risk Management:
Always maintain strict position sizing with a max 2% portfolio risk per trade. Stick to stop loss and avoid chasing entries outside the setup zone to preserve capital during volatile market movements.
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