I'm looking at $NIL attempting to reclaim momentum after a sharp retracement, currently trading at 0.08580. Price has pushed back above the MA60 line at 0.08499, testing immediate overhead resistance around 0.08633 following a sharp pullback from recent highs near 0.08889.
Price found strong support near 0.08377 before bouncing to reclaim dynamic support at the MA60 line. While the short-term structure is improving relative to the 24h low of 0.07287, buying directly under the 0.08633 resistance zone offers suboptimal risk-reward. I'd like to see a minor pullback to retest the MA60 support around 0.08480 - 0.08520 to look for a continuation toward recent peaks. A break back below the MA60 would invalidate this recovery attempt.
Trade idea:
📍 Entry: 0.08480 - 0.08530
🎯 TP1: 0.08633
🎯 TP2: 0.08889
🎯 TP3: 0.09016 (24h High retest)
🛑 Invalidation: 0.08350
A drop below 0.08350 breaks below the recent higher low and invalidates the short-term recovery structure.
Waiting for a clean retest of the MA60 line to confirm buyer support rather than chasing into immediate resistance.
#NIL @Nillion $NIL
Price found strong support near 0.08377 before bouncing to reclaim dynamic support at the MA60 line. While the short-term structure is improving relative to the 24h low of 0.07287, buying directly under the 0.08633 resistance zone offers suboptimal risk-reward. I'd like to see a minor pullback to retest the MA60 support around 0.08480 - 0.08520 to look for a continuation toward recent peaks. A break back below the MA60 would invalidate this recovery attempt.
Trade idea:
📍 Entry: 0.08480 - 0.08530
🎯 TP1: 0.08633
🎯 TP2: 0.08889
🎯 TP3: 0.09016 (24h High retest)
🛑 Invalidation: 0.08350
A drop below 0.08350 breaks below the recent higher low and invalidates the short-term recovery structure.
Waiting for a clean retest of the MA60 line to confirm buyer support rather than chasing into immediate resistance.
#NIL @Nillion $NIL