NIL/USDT – Buying Setup | 4H Timeframe
Entry:
NIL is currently trading around $0.06654 and approaching a key demand area near $0.0630–$0.0670. Price is showing a small reaction from support, but a bullish reversal is not confirmed yet.
Wait for a strong 4H candle close above the descending trendline, followed by a successful retest that holds as support. This would provide stronger confirmation for a buying opportunity. Avoid entering simply because price touches the demand zone.
Targets:
T1: $0.0750–$0.0770 (next key resistance zone).
T2: $0.0920–$0.0980 (higher resistance area).
Stop Loss:
The area around $0.0630 is the key support to watch. A decisive 4H close below this area would invalidate the bullish idea. Keep the stop below the invalidation zone.
Important Note:
NIL is still under a descending trendline. Wait for a clear breakout and retest rather than chasing the current price.
Lower probability for now, better to wait.
#nilusdt #EarningsSeason
Entry:
NIL is currently trading around $0.06654 and approaching a key demand area near $0.0630–$0.0670. Price is showing a small reaction from support, but a bullish reversal is not confirmed yet.
Wait for a strong 4H candle close above the descending trendline, followed by a successful retest that holds as support. This would provide stronger confirmation for a buying opportunity. Avoid entering simply because price touches the demand zone.
Targets:
T1: $0.0750–$0.0770 (next key resistance zone).
T2: $0.0920–$0.0980 (higher resistance area).
Stop Loss:
The area around $0.0630 is the key support to watch. A decisive 4H close below this area would invalidate the bullish idea. Keep the stop below the invalidation zone.
Important Note:
NIL is still under a descending trendline. Wait for a clear breakout and retest rather than chasing the current price.
Lower probability for now, better to wait.
#nilusdt #EarningsSeason
