$NEXO
BEARISH SETUP: DOWNSIDE CONTINUATION EXPECTED
$NEXO remains under bearish pressure after repeated rejection from higher resistance zones. The market structure on the 1H and 4H timeframes continues to print lower highs, indicating sellers are in control. Price is struggling to reclaim key resistance, and sustained weakness below the psychological level increases the probability of further downside toward lower demand areas. Overall momentum favors bears unless a strong reclaim occurs.
Entry: Short below 0.912
Targets (TP):
TP1: 0.904
TP2: 0.890
TP3: 0.870
Stop Loss (SL): 0.950
Key Levels:
Resistance: 0.950 / 1.000
Support: 0.904 / 0.890 / 0.870
Risk Management: Risk only 1–2% of total capital per trade and secure partial profits as targets are reached.