The $NIL /USDT chart is showing a slight downtrend with a price of $0.0684, reflecting a 5.79% decrease. The price is currently below the recent resistance at $0.0745, indicating potential further downside or consolidation.
Entry Points:
Consider entering around the current price of $0.0684 if you anticipate a short-term bounce, as the price is showing some support around this level. A more favorable entry could be near $0.0645, where there is potential support.
Stop Loss:
Set your stop loss around $0.0624, just below the recent low. This will help protect your position if the price continues to decline.
Take-Profit Levels:
The first take-profit level can be around $0.0707, where the price has recently faced resistance.
A second target could be near $0.0745, which is the 24-hour high and the nearest resistance.
A third target could be around $0.0815, the recent high, which may provide an extended upside.
Given the current downtrend, it might be safer to watch for a confirmation of reversal or a higher low before entering the market. Consider adjusting your take-profit levels depending on the price action.
