Token Name: $NIL /USDT – Big Crash Ahead?
Current price is showing bearish pressure with a −2.2% move in the last 24 hours. After repeated rejections near the 0.0728–0.0730 zone, price failed to sustain higher levels and dipped into weak consolidation near 0.0710–0.0718. The structure suggests sellers are still active on rallies.
On the 1H timeframe, bearish candles dominate the prior move, and the recent bounce looks corrective rather than a trend shift. Momentum remains fragile below key resistance.
Trade Setup (Bearish Bias)
Entry Zone:
0.0718 – 0.0725
Target 1:
0.0705
Target 2:
0.0690
Target 3:
0.0670
Stop Loss:
0.0738
Technical View
Strong rejection from 0.0728–0.0730 resistance
Failure to build higher highs
Bounce from 0.0709 lacks volume follow-through
Structure favors downside continuation below 0.0725
If price loses the 0.0705 support with volume confirmation, a deeper move toward lower demand zones becomes likely. Only a strong reclaim and hold above 0.0738 would invalidate the bearish setup and shift momentum back to neutral.
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