๐ $NTRN N: Consolidating for a Breakout? ๐
The recent price action on Neutron (NTRN) is catching the eyes of technical analysts! After a period of cooling off, the chart is showing signs of building a solid floor.
Key Technical Takeaways:
Support Zone: NTRN has found strong stability around the $0.023 - $0.024 range. Holding this level is crucial for the bullish thesis.
Bullish Divergence: Some indicators (like the RSI) are hinting at a bullish divergence on the lower timeframes, suggesting that selling pressure might be exhausting.
Target Levels: If we see a successful breakout above the immediate resistance at $0.027, the next targets to watch are $0.035 and potentially the $0.040 psychological level.
The Game Plan:
Watch the Volume: A high-volume breakout is the confirmation we need.
Stay Patient: Consolidation phases can be boring, but they often lead to the most explosive moves.
Risk Management: Always use a stop-loss just below major support to protect your capital.
What do you think? Is NTRN ready to fly, or do we need more time in this range? Letโs discuss in the comments! ๐
#NTRN #CryptoAnalysis #Altcoins #TradingTips #Neutron $NTRN
