NIL is in a deep correction after a parabolic rally. Price lost the MA7 and is heading for the next support. Don't catch a falling knife, wait for a calm buyback $NIL from the zone of interest.
đEntry: $0.0640 - $0.0690 (MA25 support retest)
âïž TP: $0.0850 - $0.1000 - $0.1200
đ SL: $0.0580 (structure breakdown)
Price is heavily overheated after a +136% rally in 90 days. A healthy cooldown is underway. The best scenario is stabilization and a bounce from the MA25 moving average ($0.0646). Stick to strict risk management.
đEntry: $0.0640 - $0.0690 (MA25 support retest)
âïž TP: $0.0850 - $0.1000 - $0.1200
đ SL: $0.0580 (structure breakdown)
Price is heavily overheated after a +136% rally in 90 days. A healthy cooldown is underway. The best scenario is stabilization and a bounce from the MA25 moving average ($0.0646). Stick to strict risk management.
