$NIL is sitting right on the lower line of its rising channel on the 15m, and I like this spot for a long.
It dumped hard from 0.0949, but since then it's been making higher lows and holding the trendline. Order book is leaning bid side too, around 64% buyers. 7d and 30d are still green, so the bigger picture hasn't broken.
My plan:
Entry: 0.0855 to 0.0865
SL: below 0.0838
TP1: 0.0869
TP2: 0.0913
TP3: 0.0950
I'd wait for a green 15m candle to close off the line before getting in. If it closes below the channel, I'm out. No ego, no hoping. That structure could also turn into a bear flag, so the stop matters here.
Keep leverage low, perp moves fast.
It dumped hard from 0.0949, but since then it's been making higher lows and holding the trendline. Order book is leaning bid side too, around 64% buyers. 7d and 30d are still green, so the bigger picture hasn't broken.
My plan:
Entry: 0.0855 to 0.0865
SL: below 0.0838
TP1: 0.0869
TP2: 0.0913
TP3: 0.0950
I'd wait for a green 15m candle to close off the line before getting in. If it closes below the channel, I'm out. No ego, no hoping. That structure could also turn into a bear flag, so the stop matters here.
Keep leverage low, perp moves fast.