$NIL
NIL has broken out with strong bullish momentum on the 4H timeframe after trading in a steady accumulation range. Although the price faced some selling near the recent high, buyers are still holding above the breakout zone, keeping the bullish structure intact.
TRADE IDEA: LONG
ENTRY: 0.0392 – 0.0398
TARGETS:
• 0.0418
• 0.0435
• 0.0455
STOP LOSS: Below 0.0378
MY VIEW:
The recent rejection near 0.0418 suggests short-term profit-taking, but it has not changed the overall bullish trend. I would look for a pullback that holds above the breakout area before adding new positions. As long as buyers defend support, the probability still favors another move higher.
#UniswapPrimaryAMMForRobinhoodL2
NIL has broken out with strong bullish momentum on the 4H timeframe after trading in a steady accumulation range. Although the price faced some selling near the recent high, buyers are still holding above the breakout zone, keeping the bullish structure intact.
TRADE IDEA: LONG
ENTRY: 0.0392 – 0.0398
TARGETS:
• 0.0418
• 0.0435
• 0.0455
STOP LOSS: Below 0.0378
MY VIEW:
The recent rejection near 0.0418 suggests short-term profit-taking, but it has not changed the overall bullish trend. I would look for a pullback that holds above the breakout area before adding new positions. As long as buyers defend support, the probability still favors another move higher.
#UniswapPrimaryAMMForRobinhoodL2