$NMR Is Compressing at Support, Reversal Loading?
Sellers are losing momentum right where buyers usually step in.🔥
📌 Long Trade Setup
Entry: 11.05 – 11.10 (buy near range support / confirmation candle)
Take Profit (TP):
• TP1: 11.31
• TP2: 11.45
• TP3: 11.55
Stop Loss (SL): 10.98
📈 Setup Reasoning (Simple & Clean)
• Strong Horizontal Support: Price is holding the 11.03–11.05 demand zone, which has already been defended multiple times.
• Bearish Momentum Weakening: Red candles are shrinking → selling pressure is getting absorbed.
• Range Reversal Context: Previous rejection from 11.31 resistance, now price is back at range low → high-probability bounce area.
• Compression Pattern: Tight price action near support often precedes a sharp move upward.
• Clear Invalidation: Loss of 10.98 breaks structure → setup fails fast.
Trade from here $NMR 👈🏿
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