$NEXO /USDT Bullish Momentum
Current Price: $1.395
Trend: Strengthening bullish momentum
Key Levels:
Resistance: $1.4000 – $1.4200 (Breakout zone)
Support: $1.3500 (Key support)
Trade Strategy:
Long Entry: $1.3750 – $1.3800 (Buy on minor pullbacks)
Target 1: $1.4000 (Initial resistance)
Target 2: $1.4200 (Major resistance)
Stop Loss: $1.3200 (Risk management)
Technical Indicators:
Volume: Strong, confirming bullish pressure
RSI: 65, indicating further upside potential
MACD: Bullish crossover, supporting the uptrend
Trade Plan:
Long Position: Enter at $1.3750 – $1.3800, target $1.4000, stop loss $1.3200.
Short Position: Consider only if the price fails at $1.4000 and breaks below $1.3500.
Breakout Watch: A decisive move above $1.4000 could drive further gains toward $1.4200 and beyond. Monitor volume for confirmation.
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