$NMR Twice it surged to around 12, and then pulled back without breaking down through the raised support platform. Compared to chasing that long upper wick, what’s more worth watching is whether, after consolidation, it can move higher again.
On the Binance spot 1-hour chart, from 18:00 to 19:00 there was continuous volume expansion pushing up; from 20:00 to 22:00, the lows were lifted from 10.65 to 10.75, then to 11.03. At 22:00, the volume was 1.81 times that of 21:00, yet it only closed at 11.20—this suggests that selling pressure above hasn’t been fully absorbed, so you can’t simply treat the increased volume as a breakout.
The bullish observation depends on this consolidation not falling back below 10.65. Next, look to see whether the hourly close can reclaim above the 19:00 high of 11.93 and the 22:00 high of 12.00, followed by a pullback that holds. If it breaks below 10.65, the platform-support assumption should be withdrawn. The two upper wicks are both very long; touching 12 intraday doesn’t count as confirmation.
Save these conditions first, then open the chart to see how the next candle closes. Don’t chase the price based on the 24-hour percentage gain.
Source: Binance spot NMR/USDT native chart and public 1-hour K lines; collected at 23:14 on Sep 28 (UTC+8); as of 23:00 the candle hadn’t closed yet.
https://www.binance.com/en/trade/NMR_USDT?type=spot
On the Binance spot 1-hour chart, from 18:00 to 19:00 there was continuous volume expansion pushing up; from 20:00 to 22:00, the lows were lifted from 10.65 to 10.75, then to 11.03. At 22:00, the volume was 1.81 times that of 21:00, yet it only closed at 11.20—this suggests that selling pressure above hasn’t been fully absorbed, so you can’t simply treat the increased volume as a breakout.
The bullish observation depends on this consolidation not falling back below 10.65. Next, look to see whether the hourly close can reclaim above the 19:00 high of 11.93 and the 22:00 high of 12.00, followed by a pullback that holds. If it breaks below 10.65, the platform-support assumption should be withdrawn. The two upper wicks are both very long; touching 12 intraday doesn’t count as confirmation.
Save these conditions first, then open the chart to see how the next candle closes. Don’t chase the price based on the 24-hour percentage gain.
Source: Binance spot NMR/USDT native chart and public 1-hour K lines; collected at 23:14 on Sep 28 (UTC+8); as of 23:00 the candle hadn’t closed yet.
https://www.binance.com/en/trade/NMR_USDT?type=spot
