$NMR
/USDT: Recovery Update Confirm đŻ đŤ đĽ
Quick Trade Guide âĄ
Market Overview:
Current Price: 13.74 USDT (0.00%)
24h High/Low: 14.37 / 12.87 USDT â decent volatility for opportunities.
Volume: 186,157 NMR (2.53M USDT) â lower volume, but still liquid enough for trades.
Entry Strategy:
Long Entry: Look for a bounce near 12.87, aligning with the 24h low. If price shows signs of support here, consider entering long.
Breakout Setup: If NMR breaks above 13.90, enter long, with targets toward 14.20 or 14.50.
Targets (Take Profit):
Target 1: 14.20 â A resistance zone, good for a short-term profit exit.
Target 2: 14.50 â Key resistance near the 24h high for a larger move.
Exit (Stop Loss):
Stop-Loss: Place your stop just below 12.87 to protect against downside risk if price fails to hold support.
If entering after a breakout above 13.90, set the stop around 13.50.
Bonus Tip:
Risk-Reward: Aim for a 2:1 risk-reward ratio, especially if you're targeting 14.20 and 14.50.
Bearish Setup:
If the price breaks below 12.87, consider shorting toward 12.50. Place a stop-loss above 13.90 to limit risk.
Time to see if NMR can push higher or test support! đ
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