$NIL: short setup on the 1H, checked against the 4H.
Levels: 0.0808–0.08131 to work the position, 0.08318 to be wrong, 0.07888 / 0.07656 / 0.07473 to take profit.
That is 1.02R to the first target and 2.12R to the second.
Price is 0.07999, close to the zone but not in it. Supporting it: 1H EMA20 below EMA50, 1H RSI 41.3 and ADX 32.0.
I would size it down because no confirmed trigger candle on the 1H yet and volume is light (0.4x average).
$NIL is 6.51% behind $ETH (-0.79%) on the day, and $ZEC (-3.89%) is the most similar move among liquid pairs.
Levels: 0.0808–0.08131 to work the position, 0.08318 to be wrong, 0.07888 / 0.07656 / 0.07473 to take profit.
That is 1.02R to the first target and 2.12R to the second.
Price is 0.07999, close to the zone but not in it. Supporting it: 1H EMA20 below EMA50, 1H RSI 41.3 and ADX 32.0.
I would size it down because no confirmed trigger candle on the 1H yet and volume is light (0.4x average).
$NIL is 6.51% behind $ETH (-0.79%) on the day, and $ZEC (-3.89%) is the most similar move among liquid pairs.