Price action on $NEXO has shifted into a clear reaction phase after a sharp sell-off from the upper range. Sellers pushed aggressively through the 0.94 area, but the way price is now slowing down near 0.91–0.92 suggests that downside pressure is starting to ease. Instead of a straight continuation lower, the market is showing hesitation, which often hints at short-term stabilization or a relief move.

If $NEXO can defend this zone and avoid another heavy rejection, there’s room for a corrective bounce back toward the previous range. A clean base here would be key for any sustainable recovery attempt.

Trade Setup

Entry Zone: 0.915 – 0.922

Targets: 0.945 / 0.962

Stop Loss: 0.905

Do you see $NEXO building a floor at these levels?

Or are you expecting one more dip before buyers step in stronger?