🔴$NMR — SHORT ROUND 2 | REJECTION SETUP
📍ENTRY ZONE: 14.70 – 14.90
🎯TP1: 14.52
🎯TP2: 13.99
🛑SL: 15.32
The first short setup has shown its result, now we are waiting for the beginning of the second wave of decline $NMR from the level of 14.80 – 15.30 area of resistance.
📊TRADE PLAN:
We are looking for a bearish signal and confirmation near the entry zone to take a short position. When the price starts to fall from the level of the first support, it will create conditions for breaking out to TP1 and further to TP2.
⚠️RISK MANAGEMENT:
• High risk of the trade – use micro-leverage
• Do not risk more than 2% of the deposit on this trade
• Do not hunt for the entry signal without confirmation
• Stop-loss order at 15.32
• Partially close the trade on TP1 if the price holds at this level
We are waiting for the signal and the beginning of the movement. This is not a recommendation but an opportunity that you have at your disposal.
📍ENTRY ZONE: 14.70 – 14.90
🎯TP1: 14.52
🎯TP2: 13.99
🛑SL: 15.32
The first short setup has shown its result, now we are waiting for the beginning of the second wave of decline $NMR from the level of 14.80 – 15.30 area of resistance.
📊TRADE PLAN:
We are looking for a bearish signal and confirmation near the entry zone to take a short position. When the price starts to fall from the level of the first support, it will create conditions for breaking out to TP1 and further to TP2.
⚠️RISK MANAGEMENT:
• High risk of the trade – use micro-leverage
• Do not risk more than 2% of the deposit on this trade
• Do not hunt for the entry signal without confirmation
• Stop-loss order at 15.32
• Partially close the trade on TP1 if the price holds at this level
We are waiting for the signal and the beginning of the movement. This is not a recommendation but an opportunity that you have at your disposal.