NIL has successfully broken its descending trendline and is now retesting the confluence zone of:
– Breakout support
– Ascending wedge
– Demand zone (rectangle)
Entry: 0.312–0.325
Stop Loss: Below 0.2971
Targets:
• 0.414 (+25%)
• 0.480 (+44%)
• 0.560 (+68%)
This is a textbook breakout–retest–continue pattern.
Spot buyers can scale in around the purple box.
Close below 0.2971 invalidates the setup.
DYOR. Not financial advice.
– Breakout support
– Ascending wedge
– Demand zone (rectangle)
Entry: 0.312–0.325
Stop Loss: Below 0.2971
Targets:
• 0.414 (+25%)
• 0.480 (+44%)
• 0.560 (+68%)
This is a textbook breakout–retest–continue pattern.
Spot buyers can scale in around the purple box.
Close below 0.2971 invalidates the setup.
DYOR. Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.