🚨
$NIL JUST BROKE OUT: BUT I'M NOT CHASING IT
NIL is trading around $0.0594, up more than 26% in 24 hours.
But the chart gets interesting when we look beyond the green candles 👀
NIL broke out of the previous $0.045-$0.050 consolidation area and volume exploded during the move.
Now I'm watching these levels:
🟢 Bullish: $0.060-$0.064
If NIL can hold above $0.060 and break the $0.06416 high with continued volume, momentum could continue.
🔴 Key support: $0.053-$0.055
This is the first area I'd watch for a pullback. The 7-period MA is around $0.05345.
⚠️ Major support: ~$0.050
A deeper move back below this area would weaken the breakout structure significantly.
The interesting part?
Volume is confirming the move, but price is now extended.
So I'm not interested in chasing a +26% candle.
I'd rather see NIL consolidate or pull back and then show whether buyers are still in control.
My plan: WAIT for confirmation.
A breakout is exciting.
A breakout that holds is what matters.
🐂 NIL continuation or 🐻 pullback?
Would you enter here, or wait for a retest?
#NIL #Nillion #CryptoTrading #Trading #CryptoNews