#NIL just hit the danger zone bounce setup or another leg down?
$NIL is down 8.58%, trading around 0.08873 after falling from the 0.11234 high. The key area now is 0.0860–0.0880 support. If this zone holds and buyers reclaim 0.0916, a relief bounce could develop.
Long setup:
Entry: 0.0880–0.0910
SL: 0.0848
TP1: 0.0960
TP2: 0.0990
TP3: 0.1060
If 0.0860 breaks with strong selling volume, I’d avoid forcing a long and wait for a fresh structure.
My view: this is a high-volatility reaction zone, so confirmation matters more than chasing the first bounce. Manage risk carefully and DYOR.
#BitwiseFilesFinalNEARSpotETFProspectus #StrategyStriveAdd2305BitcoinThisWeek #DogecoinETFsPostBiggestWeekSinceLaunch
$NIL is down 8.58%, trading around 0.08873 after falling from the 0.11234 high. The key area now is 0.0860–0.0880 support. If this zone holds and buyers reclaim 0.0916, a relief bounce could develop.
Long setup:
Entry: 0.0880–0.0910
SL: 0.0848
TP1: 0.0960
TP2: 0.0990
TP3: 0.1060
If 0.0860 breaks with strong selling volume, I’d avoid forcing a long and wait for a fresh structure.
My view: this is a high-volatility reaction zone, so confirmation matters more than chasing the first bounce. Manage risk carefully and DYOR.
#BitwiseFilesFinalNEARSpotETFProspectus #StrategyStriveAdd2305BitcoinThisWeek #DogecoinETFsPostBiggestWeekSinceLaunch
