💎 WHY I TOOK A LONG ON #NIL
Right now, I am holding a LONG position on $NIL with 4x leverage. I didn’t take this trade to manipulate or influence my followers, nor simply because Nillion invited me to its campaign. My decision is based on my own chart analysis. 📊
🔍 WHAT I SEE ON THE CHART
NIL is currently forming a Descending Broadening Wedge, with price sitting just below its resistance trendline.
Another bullish chart pattern appears to be forming beneath resistance. If price breaks above the resistance of both the Symmetrical Channel and the Descending Broadening Wedge, we could see a potential upside rally.
📌 MY TRADE PLAN
I am currently taking a LONG position on NIL with 4x leverage.
My invalidation level is $0.0690 on the daily timeframe. If #NIL closes a daily candle below $0.0690, I will book the loss and exit the position.
Until then, I will continue following my chart analysis and watching price action for confirmation. Risk management comes first.
Beyond the price action, I’m also interested in Nillion’s Covenants technology and DUSK’s launch on Ethereum. I’ll be watching how these developments contribute to Nillion’s privacy-focused ecosystem and its future adoption.
⚠️ DISCLAIMER: Always do your own research before investing. This is my personal market analysis, not financial advice. I am not a financial advisor. Crypto trading involves significant risk, especially when using leverage.
What do you think? Will $NIL break resistance and start an upside rally, or will the resistance hold?
#NIL $NIL @Nillion @Nillion
Right now, I am holding a LONG position on $NIL with 4x leverage. I didn’t take this trade to manipulate or influence my followers, nor simply because Nillion invited me to its campaign. My decision is based on my own chart analysis. 📊
🔍 WHAT I SEE ON THE CHART
NIL is currently forming a Descending Broadening Wedge, with price sitting just below its resistance trendline.
Another bullish chart pattern appears to be forming beneath resistance. If price breaks above the resistance of both the Symmetrical Channel and the Descending Broadening Wedge, we could see a potential upside rally.
📌 MY TRADE PLAN
I am currently taking a LONG position on NIL with 4x leverage.
My invalidation level is $0.0690 on the daily timeframe. If #NIL closes a daily candle below $0.0690, I will book the loss and exit the position.
Until then, I will continue following my chart analysis and watching price action for confirmation. Risk management comes first.
Beyond the price action, I’m also interested in Nillion’s Covenants technology and DUSK’s launch on Ethereum. I’ll be watching how these developments contribute to Nillion’s privacy-focused ecosystem and its future adoption.
⚠️ DISCLAIMER: Always do your own research before investing. This is my personal market analysis, not financial advice. I am not a financial advisor. Crypto trading involves significant risk, especially when using leverage.
What do you think? Will $NIL break resistance and start an upside rally, or will the resistance hold?
#NIL $NIL @Nillion @Nillion