Iโm watching
$NIL closely here. ๐
This 4H chart caught my attention because NIL has completely changed character. After spending days moving around the $0.04โ$0.06 zone, price broke higher, accelerated through $0.08 and $0.10, and is now trading around $0.132 with a major volume expansion.
But I donโt want to chase that vertical candle. Iโm more interested in what happens after the breakout.
๐ข
$NIL / USDT โ 4H LONG SETUP
Entry Zone:
๐ $0.118 โ $0.125
Iโd prefer a pullback/retest into this area rather than buying directly into the spike. If buyers defend the breakout zone and volume returns, that could give the setup a cleaner structure.
TP1: ๐ฏ $0.140
First resistance and recent high area.
TP2: ๐ฏ $0.155
A clean breakout above $0.140 could open the next momentum leg.
TP3: ๐ $0.175 โ $0.180
This is the extended target if the 4H trend continues to accelerate.
STOP LOSS: ๐ $0.108
A sustained move below this area would weaken the breakout structure and make me reconsider the long setup.
What Iโm watching ๐
The biggest thing on this chart is volume. The recent rally isn't happening on the tiny volume we saw during the sideways period โ activity has expanded dramatically.
Thatโs interesting.
At the same time, NIL has already moved aggressively, so risk management matters more than chasing candles. If price gives a controlled pullback and holds the breakout area, Iโll be watching for another attempt toward the highs.
If it simply keeps flying without giving a reasonable entry, Iโd rather miss the trade than chase it.
Not financial advice. Crypto is highly volatile. These levels are my technical interpretation of the chart, not a guarantee. Always manage position size and risk according to your own plan.
$NIL #night #nilusdt #cryptotrading #Altcoins #trading