Title: NIL/USDT Analysis – Bullish Surge or Overbought Trap? 📈⚠️
Hi Everyone,
I'm tracking NIL (Nillion) every hour! While the momentum looks incredibly strong, we are hitting some critical "Overbought" zones that every trader should know.
The Positives: ✅
Bullish Alignment: EMA7, 25, and 99 are perfectly aligned for an uptrend.
MACD Cross: We saw a fresh bullish crossover on Jan 22, signaling sustained buyer interest.
The Risks: 🛑
RSI Warning: The RSI has hit 84.92! Historically, this level often leads to a short-term price correction or consolidation.
Outflow Data: We are seeing net outflows in the last few hours, suggesting that big players might be taking profits near the upper Bollinger Band.
My Strategy: I am NOT chasing the pump at these levels. I'll wait for a healthy retest of the support levels before considering a fresh entry. Protect your showroom funds! 🏎️🛡️
#NIL #CryptoAnalysis #BinanceSquare #writetoearn #TradingTips"