🚀 $NIL Bullish Breakout Play After Short Liquidation
NIL just crushed short sellers with a liquidation burst at $0.07124, taking out over $5K in bearish positions. When shorts get forced out like this, it often fuels the next leg up as trapped traders rush to cover.
Market Structure
Price is holding firmly above the former resistance band around $0.068 – $0.070, now acting as a strong demand zone. This flip from resistance to support is a classic breakout signal.
Trade Plan
EP: $0.0700 – $0.0720
TP: $0.0785 → $0.0850 → $0.0930
SL: $0.0665
Sentiment
Open interest is rebuilding on the long side but without extreme funding, which keeps the upside clean. As long as $NIL stays above $0.070, buyers remain in control.
Wait for a clean hold above the breakout level and let the trend do the work.
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