$NIL is showing a short-term corrective structure after rejecting from 0.0590. Price declined toward 0.0521, where it formed a local base, and attempted a recovery toward 0.0550. However, momentum has cooled again and price is drifting back toward 0.0540, indicating indecision rather than strong bullish continuation.

Trade Setup (Long – Reversal Attempt):

Entry: 0.0525 – 0.0540

Targets: 0.0565 — 0.0590 — 0.0620

Stop-Loss: 0.0505

RSI is near 31, approaching oversold territory, which suggests selling pressure may be exhausting. MACD is flattening near the zero line, hinting at a possible momentum shift if buyers step in. Volume remains relatively light, showing that neither side is aggressively dominating at the moment.

As long as 0.0520 support holds, a relief bounce remains possible. A strong reclaim of 0.0565 would strengthen the bullish case toward prior highs.

Stay disciplined, control risk tightly, and let confirmation lead the move. 🚀🔥