$NIL is consolidating near a key demand zone after the recent long liquidation, indicating weak leveraged longs have been flushed out. Buyers are attempting to defend support, and a successful reclaim of resistance could restore bullish momentum.

EP

0.0319 – 0.0326

TP

0.0334

0.0346

0.0360

SL

0.0310

Support

0.0318

Resistance

0.0335

Next Target

0.0375

Pro Tip

Long liquidations often create cleaner reversal setups. Wait for a confirmed bounce from the demand zone or a breakout above resistance with increasing volume before increasing your position.

Price remains above a key support area despite recent weakness. A reclaim of nearby resistance could trigger expansion toward higher targets.

Let’s go $NIL

#SK Hynix Q2 earnings #Nasdaq 100 declines from record high #AI models generate playable games #Fed rate hike speculation #Fed maintains rates amid dissent