$NXPC lost the 0.2 level. There are two possible scenarios next:
① If the rebound fails to reclaim 0.2 → the level turns into resistance, with the 24h low at 0.1855 as the downside target.
② If it quickly reclaims 0.2 → this move looks more like a wick, and shorts could easily get squeezed.
Personally, I’m paying more attention to how the first rebound is absorbed.
① If the rebound fails to reclaim 0.2 → the level turns into resistance, with the 24h low at 0.1855 as the downside target.
② If it quickly reclaims 0.2 → this move looks more like a wick, and shorts could easily get squeezed.
Personally, I’m paying more attention to how the first rebound is absorbed.