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$NIL The bearish rebound encounters a key resistance, and sellers may be regaining control.
Go short now $NIL
Entry: 0.05300 – 0.05350
Stop loss: 0.05425
Target 1: 0.05150
Target 2: 0.04750
Target 3: 0.04500
The weak rebound in price is hitting a ceiling, with a crucial moving average forming a solid resistance here. More importantly, trading volume is drying up, indicating a lack of buyer enthusiasm and a heavy flow of liquidity. This typically signals that the rebound will soon end and opens space for the next downtrend, provided selling pressure remains active.
Trade $NIL here 👇