$NIL has one shot to flip $0.035 or this bounce gets sold hard. đš
Price is $0.0328 right now, up 6.86% on the day, and the tape is finally waking up. Shorts are still paying -0.030% funding, volume is 1.7x the 20d avg, and RSI at 60 says thereâs fuel left. But itâs still below the 20d and 50d MAs, so this is not a clean trend yet.
If it reclaims $0.035 and holds, I think $0.038 comes fast. If not, back to the grind.
Simple.
Holding or fading $NIL here? đ
#NIL
#Trading
Price is $0.0328 right now, up 6.86% on the day, and the tape is finally waking up. Shorts are still paying -0.030% funding, volume is 1.7x the 20d avg, and RSI at 60 says thereâs fuel left. But itâs still below the 20d and 50d MAs, so this is not a clean trend yet.
If it reclaims $0.035 and holds, I think $0.038 comes fast. If not, back to the grind.
Simple.
Holding or fading $NIL here? đ
#NIL
#Trading