$NMR +24.4% after a massive breakout, but the 15.50 rejection is keeping the 1h setup cautious
my bias is bearish-to-neutral on the 1h while price remains below the 14.45–15.50 resistance zone — the sharp rejection from 15.50 created lower highs, and SAR has flipped above price at 14.849
momentum is cooling: MACD is negative at -0.183, while RSI around 53 shows the bounce is recovering but not yet back in strong momentum territory
I expect price to retest 12.50–12.00 first if sellers regain control, with the 11.765 Supertrend area as the key support
bullish invalidation comes from a clean 1h reclaim above 14.45, followed by a breakout and hold above 15.50
I would avoid chasing the +24% move here and wait for either a confirmed rejection or a clean reclaim of resistance
#NMR #CryptoTrading #Altcoins #Binance #TradingStrategy $NMR
my bias is bearish-to-neutral on the 1h while price remains below the 14.45–15.50 resistance zone — the sharp rejection from 15.50 created lower highs, and SAR has flipped above price at 14.849
momentum is cooling: MACD is negative at -0.183, while RSI around 53 shows the bounce is recovering but not yet back in strong momentum territory
I expect price to retest 12.50–12.00 first if sellers regain control, with the 11.765 Supertrend area as the key support
bullish invalidation comes from a clean 1h reclaim above 14.45, followed by a breakout and hold above 15.50
I would avoid chasing the +24% move here and wait for either a confirmed rejection or a clean reclaim of resistance
#NMR #CryptoTrading #Altcoins #Binance #TradingStrategy $NMR