$NIL printed a +50% wick this morning and gave nearly all of it back. What's left on the chart is actually interesting 🔍
The chart (4H):
• Spike to 0.1397, then sold straight back into the 0.09s
• Price 0.0939, still above EMA 20 (0.0909) and EMA 50 (0.0876)
• Higher lows since Oct 23, up 9% on the week
• RSI 56. Momentum cooled, trend still intact
Wicks like that show where liquidity sits. Someone was willing to pay 0.14, and the 0.107 shelf is where the selling started.
Levels for $NIL :
🟢 4H close above 0.0974 → 0.107 shelf is the next target
🔴 Lose 0.086 → EMAs break, back into the old range near 0.080
Could $NIL revisit that wick? 👇
NFA
#Nillion #Altcoins #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance
The chart (4H):
• Spike to 0.1397, then sold straight back into the 0.09s
• Price 0.0939, still above EMA 20 (0.0909) and EMA 50 (0.0876)
• Higher lows since Oct 23, up 9% on the week
• RSI 56. Momentum cooled, trend still intact
Wicks like that show where liquidity sits. Someone was willing to pay 0.14, and the 0.107 shelf is where the selling started.
Levels for $NIL :
🟢 4H close above 0.0974 → 0.107 shelf is the next target
🔴 Lose 0.086 → EMAs break, back into the old range near 0.080
Could $NIL revisit that wick? 👇
NFA
#Nillion #Altcoins #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance
