๐ $NIL โ BULLS ARE BACK IN CONTROL? ๐ฅ
$NIL / USDT is showing a strong bullish recovery after bouncing from the major 0.02730 support zone.
Price is currently around 0.04456, up more than 31%, and momentum is clearly picking up. ๐
But thereโs one important thing to watch โ RSI is around 77, meaning the coin is entering an overbought area. So a short-term pullback before the next leg up would be completely normal.
๐ Key Levels to Watch
๐ข Support Zones
S1: 0.0400 โ 0.0420
S2: 0.0335 โ 0.0350
Major Support: 0.02730
๐ด Resistance Zones
R1: 0.0474 ๐ฅ
R2: 0.0590 ๐
R3: 0.0768
Major Target: 0.0937
๐ฏ Bullish Scenario
If $NIL can break and close above 0.0474 with strong volume, the next major resistance could be around 0.0590.
A clean breakout above 0.0590 could potentially open the way toward:
0.0768 โ 0.0937 ๐๐ฅ
โ ๏ธ Important
I would not chase the green candles here.
If price pulls back and holds the 0.0400โ0.0420 area, that could provide a healthier continuation setup.
A daily breakdown below 0.0335 would weaken the current bullish structure, while losing 0.02730 would invalidate the current recovery thesis.
My view: ๐ข Bullish above support, but RSI is overheated โ patience + confirmation is key.
๐ฌ Do you think NIL can break 0.0474 and reach 0.0590 next?
Like โค๏ธ | Comment ๐ฌ | Follow ๐ | DYOR
#NIL #NILUSDT #Binance #Crypto #Altcoins #cryptotrading #BinanceSquare #Trading #Bullish #CryptoAnalysis
$NIL / USDT is showing a strong bullish recovery after bouncing from the major 0.02730 support zone.
Price is currently around 0.04456, up more than 31%, and momentum is clearly picking up. ๐
But thereโs one important thing to watch โ RSI is around 77, meaning the coin is entering an overbought area. So a short-term pullback before the next leg up would be completely normal.
๐ Key Levels to Watch
๐ข Support Zones
S1: 0.0400 โ 0.0420
S2: 0.0335 โ 0.0350
Major Support: 0.02730
๐ด Resistance Zones
R1: 0.0474 ๐ฅ
R2: 0.0590 ๐
R3: 0.0768
Major Target: 0.0937
๐ฏ Bullish Scenario
If $NIL can break and close above 0.0474 with strong volume, the next major resistance could be around 0.0590.
A clean breakout above 0.0590 could potentially open the way toward:
0.0768 โ 0.0937 ๐๐ฅ
โ ๏ธ Important
I would not chase the green candles here.
If price pulls back and holds the 0.0400โ0.0420 area, that could provide a healthier continuation setup.
A daily breakdown below 0.0335 would weaken the current bullish structure, while losing 0.02730 would invalidate the current recovery thesis.
My view: ๐ข Bullish above support, but RSI is overheated โ patience + confirmation is key.
๐ฌ Do you think NIL can break 0.0474 and reach 0.0590 next?
Like โค๏ธ | Comment ๐ฌ | Follow ๐ | DYOR
#NIL #NILUSDT #Binance #Crypto #Altcoins #cryptotrading #BinanceSquare #Trading #Bullish #CryptoAnalysis