$NIL 0.0997, up 4.59%. During the hour starting at 3 p.m., it surged from 0.0916 to 0.1397—a 52% move.
Then it gave it all back.
How long the wick is doesn’t matter. What matters is whether it can reclaim 0.10387.
Look at the volume: the 15:00 candle saw $12.39 million traded, while the previous 59 candles totaled just $28.43 million. One candle accounted for 43.6% of that. This kind of volume doesn’t come from gradual buying—it was dumped all at once.
It looks more like someone unloaded their entire position within an hour and walked away, leaving nothing but scraps behind.
The current price is 0.0997, 4.0% below that candle’s close and 28.7% below the high. All that for nothing.
Holding above 0.10387 would mean buyers are still there, but only consider a small position, with a stop-loss at 0.0963.
If it breaks below 0.0916, the base of that wick, the whole move is invalidated. Exit immediately—don’t try to ride it out.
A long wick isn’t a market trend; it’s the footprint someone leaves when they retreat. Watch the next candle’s close. Don’t chase.
Chart: NILUSDT 1h, screenshot at 17:26 (UTC+8); the final candle is still open.
Source: https://www.binance.com/zh-CN/trade/NIL_USDT
Then it gave it all back.
How long the wick is doesn’t matter. What matters is whether it can reclaim 0.10387.
Look at the volume: the 15:00 candle saw $12.39 million traded, while the previous 59 candles totaled just $28.43 million. One candle accounted for 43.6% of that. This kind of volume doesn’t come from gradual buying—it was dumped all at once.
It looks more like someone unloaded their entire position within an hour and walked away, leaving nothing but scraps behind.
The current price is 0.0997, 4.0% below that candle’s close and 28.7% below the high. All that for nothing.
Holding above 0.10387 would mean buyers are still there, but only consider a small position, with a stop-loss at 0.0963.
If it breaks below 0.0916, the base of that wick, the whole move is invalidated. Exit immediately—don’t try to ride it out.
A long wick isn’t a market trend; it’s the footprint someone leaves when they retreat. Watch the next candle’s close. Don’t chase.
Chart: NILUSDT 1h, screenshot at 17:26 (UTC+8); the final candle is still open.
Source: https://www.binance.com/zh-CN/trade/NIL_USDT
