$NAORIS – Overextended rally meeting resistance, rejection imminent
Trading Plan: Short $NAORIS
Entry: 0.06690 – 0.06850 Stop Loss (SL): 0.07350 Take Profit 1 (TP): 0.06100 Take Profit 2 (TP): 0.05500 Take Profit 3 (TP): 0.05000 Market Analysis:
The price has seen a massive +28.93% pump within a short window, pushing it into overbought territory. Looking at the Depth Chart, there is a significant wall of sell orders forming above the current price, while the buying momentum is starting to fade.
The current price is struggling to maintain its peak, and a pullback toward the 0.0500 support level is highly likely as early buyers begin to take profits. This "blow-off top" structure typically leads to a sharp correction. Entering a short position here offers a solid risk-to-reward ratio before the next major support test.
Trade $NAORIS here 👇
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