Watch out for the $NAORIS! 🚨 I see everyone shouting long for this small ascending channel, but it smells like a bull trap to me from afar, a classic! 🐻📉 This consolidation is very forced after that crazy volume pump. Sooner or later, gravity hits, and this is going to retest lower levels. I don't buy it.

My analysis tells me that if it breaks the base of that triangle or channel (area of $0.03000), the dump could be fast. We're talking about a potential short entry just upon losing that support.

Entry (Short): $0.02980 📉

Take Profit (TP): I'm looking for a retest of the area of $0.02600 (first TP) and if things get ugly, down to $0.02400 (final TP). Let's secure profits! 💸

I don't trust this rise one bit. Experienced traders know that very obvious patterns tend to be a bait. They won't catch me.

Stop Loss (SL): If it breaks strongly above $0.03450, my thesis is invalidated. Always with risk management, never full margin! 🛑

$NAORIS

NAORISUSDT

Perp

0.03395

+11.23%