$NIL | š¢ LONG ā The story is still there, but the chart needs a confirmation candle
NIL currently has a rather noteworthy structure. From the bottom area of 0.06738, buying pressure begins to show up, then volume spikes and pushes the price up to 0.08750 ā the current 24H high.
The price has since corrected back to around 0.081. The subsequent peak is higher ā the subsequent bottom is also higher ā but the strong dump at 0.0875 indicates that, in the short term, the buyers may be running out of momentum.
LONG plan
* Entry: 0.076 ā 0.078, split into multiple entries
* SL: below 0.067
* TP1: 0.0875 ā reduce the position
* TP2: 0.094 ā 0.096
* TP3: 0.11 ā keep only a small portion if the uptrend continues
Areas to watch
* Support: 0.078ā0.075 ā 0.072 ā 0.0674
* Resistance: 0.083ā0.085 ā 0.0875
* If 0.0875 is clearly broken, the 0.094 zone will become the next target.
The story about the Dusk plan going live on the Ethereum mainnet in early October is still being mentioned, but for me, right now the chart is what needs to be prioritized for confirmation.
Most importantly is the reaction when NIL retests the 0.075ā0.078 zone: if it holds, the Long structure is still worth monitoring; but if this zone is lost and 0.067 breaks through, then the Long scenario is essentially canceled.
Trading at $NIL š
ā ļø Educational only, not investment advice. Manage your own capital and risks.
NIL currently has a rather noteworthy structure. From the bottom area of 0.06738, buying pressure begins to show up, then volume spikes and pushes the price up to 0.08750 ā the current 24H high.
The price has since corrected back to around 0.081. The subsequent peak is higher ā the subsequent bottom is also higher ā but the strong dump at 0.0875 indicates that, in the short term, the buyers may be running out of momentum.
LONG plan
* Entry: 0.076 ā 0.078, split into multiple entries
* SL: below 0.067
* TP1: 0.0875 ā reduce the position
* TP2: 0.094 ā 0.096
* TP3: 0.11 ā keep only a small portion if the uptrend continues
Areas to watch
* Support: 0.078ā0.075 ā 0.072 ā 0.0674
* Resistance: 0.083ā0.085 ā 0.0875
* If 0.0875 is clearly broken, the 0.094 zone will become the next target.
The story about the Dusk plan going live on the Ethereum mainnet in early October is still being mentioned, but for me, right now the chart is what needs to be prioritized for confirmation.
Most importantly is the reaction when NIL retests the 0.075ā0.078 zone: if it holds, the Long structure is still worth monitoring; but if this zone is lost and 0.067 breaks through, then the Long scenario is essentially canceled.
Trading at $NIL š
ā ļø Educational only, not investment advice. Manage your own capital and risks.