$NIL
BEARISH CONTINUATION SETUP – WEAK STRUCTURE BELOW SUPPLY
$NIL is trading below a strong overhead supply zone after a sharp rejection from higher levels. The failure to sustain above resistance confirms distribution, with sellers maintaining control of the structure.
Technical Outlook:
Strong rejection from upper resistance area
Bearish structure with lower highs forming
Price unable to reclaim key breakdown level
Increased probability of continuation toward lower demand zones
Entry Zone:
Sell on pullback into resistance or on bearish confirmation below support
Targets (TP):
TP1: 0.0580
TP2: 0.0565
TP3: 0.0550
Stop Loss (SL):
Above key resistance at 0.0625
Risk Management:
Limit risk to 1–2% per trade, wait for confirmation before entry, and secure partial profits at each target.