#nil $NIL
@Nillion 📊 NIL/USDT 1-minute chart scalping update: price action analysis 🚨
Let's take a look at the recent price action directly on Binance's 1-minute (1m) chart. Short-term traders and scalpers, watch these rapid changes in market structure closely!
📉 Current corrective structure:
The asset is currently experiencing a minor pullback and trading at 0.08581 USDT (-2.16%). After a sharp rise, we're seeing a healthy consolidation: buyers and sellers are battling for control of this zone.
🧱 Key levels on the 1m chart:
• Absolute support (0.08489): this is where the decisive move took place. The chart clearly shows an aggressive bounce from a double bottom at 0.08489. The large green candles immediately afterward indicate significant buy orders defending the price against further declines.
• Local resistance (0.08619): the bulls quickly
@Nillion 📊 NIL/USDT 1-minute chart scalping update: price action analysis 🚨
Let's take a look at the recent price action directly on Binance's 1-minute (1m) chart. Short-term traders and scalpers, watch these rapid changes in market structure closely!
📉 Current corrective structure:
The asset is currently experiencing a minor pullback and trading at 0.08581 USDT (-2.16%). After a sharp rise, we're seeing a healthy consolidation: buyers and sellers are battling for control of this zone.
🧱 Key levels on the 1m chart:
• Absolute support (0.08489): this is where the decisive move took place. The chart clearly shows an aggressive bounce from a double bottom at 0.08489. The large green candles immediately afterward indicate significant buy orders defending the price against further declines.
• Local resistance (0.08619): the bulls quickly