That spike to $0.46 rejected hard. Looks like a classic short-term top formation after that run. The volume is drying up on this pullback, which is actually a decent sign it's not a full-on collapse, but still messy. Right now we are sitting right on that $0.42 support. It has to hold. Lose $0.42, and we see $0.41 or lower real quick. A bounce here gets us another test of $0.44 resistance. For now, it’s range-bound and weak.
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Is $NXPC just dumping all its gains now?
That spike to $0.46 rejected hard. Looks like a classic short-term top formation after that run.
The volume is drying up on this pullback, which is actually a decent sign it's not a full-on collapse, but still messy.
Right now we are sitting right on that $0.42 support. It has to hold.
Lose $0.42, and we see $0.41 or lower real quick.
A bounce here gets us another test of $0.44 resistance. For now, it’s range-bound and weak.
#nxpc #LaunchTokensOnSquareToGrab$1,000