$NIL Breakdown Risk Increasing Below Local Range 📉
Trade Setup: Short
Entry Zone: 0.06030 – 0.06060
TP1: 0.05950
TP2: 0.05880
TP3: 0.05800
SL: 0.06190
$NIL remains under pressure after a prolonged downtrend and is struggling to reclaim the 0.0615–0.0620 resistance zone. Multiple rejection candles near resistance suggest buyers are failing to gain control.
The recent consolidation appears more like a bearish pause than a reversal. If price loses the 0.0600 support area, downside liquidity could be targeted quickly, opening the path toward lower support levels.
Trade Here On $NIL 👇