đ $NIL / USDT: Should we expect a new impulse?
Letâs look at the NILUSDT futures chart (15-minute timeframe). After a sharp spike to 0.13304 and a dump to a local low of 0.08741, the price is now stabilizing around 0.09562.
đ A sharp sell-off after a pump usually shakes out weak hands, but it also creates an interesting zone for looking for bounce entries if the asset starts forming a base for another push upward.
đ What Iâm watching:
Holding current levels and a decline in selling pressure.
Formation of a local long setup with a tight stop, since volatility here is extreme.
â ď¸ Remember the risks and practice strict risk management, especially when trading volatile altcoins! This is not financial advice.
#nilusdt #BinanceSquare #CryptoTradingInsights #Long #Altcoins
Letâs look at the NILUSDT futures chart (15-minute timeframe). After a sharp spike to 0.13304 and a dump to a local low of 0.08741, the price is now stabilizing around 0.09562.
đ A sharp sell-off after a pump usually shakes out weak hands, but it also creates an interesting zone for looking for bounce entries if the asset starts forming a base for another push upward.
đ What Iâm watching:
Holding current levels and a decline in selling pressure.
Formation of a local long setup with a tight stop, since volatility here is extreme.
â ď¸ Remember the risks and practice strict risk management, especially when trading volatile altcoins! This is not financial advice.
#nilusdt #BinanceSquare #CryptoTradingInsights #Long #Altcoins