$NIL /USDT Short Term Update 📊
NIL is currently trading near 0.0578 after rejecting from the 0.0600 to 0.0620 resistance zone. Price faced strong selling pressure from the recent high and is now hovering around the short term moving average. Momentum on lower time frames looks weak and upside seems limited unless buyers reclaim 0.0595 with strong volume.
🔹 Short Setup
Entry: 0.0575 to 0.0585
SL: 0.0608
TP1: 0.0558
TP2: 0.0538
TP3: 0.0515
Price is forming lower highs after the recent spike, which shows sellers are active near resistance. If volume stays low and price fails to break back above 0.0600, a pullback toward the 0.0540 zone is likely. Breakdown below 0.0555 can accelerate downside toward deeper targets.
Invalidation: A strong 15m close above 0.0608 will invalidate this short setup.
Manage risk properly and avoid overexposure in volatile moves.
Trade $NIL here 👇