📊 $NIL Technical Analysis | Trade Setup
This coin has shown a strong bullish reaction from the same area where a major dump previously occurred. Price has now printed a powerful bullish engulfing candle, completely engulfing the previous candles, which indicates strong buying pressure and solid demand.
Currently, price is retesting this key resistance zone. If the coin manages to break and close above this area on the 1-hour timeframe with a strong bullish candle, then we can expect a strong bullish continuation (pump).
🎯 Expected Targets:
0.0670 – 0.0685 – 0.0700
⏳ Entry Strategy:
Wait for proper consolidation and confirmation before entering the trade. After confirmation, enter with strict risk management.
🛑 Stop Loss:
Place the stop loss just below this key zone.
Trading without a stop loss is highly risky.
⚠️ Note:
Always follow proper risk management and trade with discipline.
