$NMR — The wick bounce isn’t enough confirmation
NMR Futures is at 16,340 USDT, up 36,531% over 24 hours. The 1H candle just closed after touching 17,869, but retreated to 16,166, indicating selling pressure at higher levels.
🔴 Favor a downward move if the 1H candle closes below 15,376, the low of the candle that just closed. The next levels to watch are 15,357, then 15,171, based on the OHLCV data formed so far. This outlook is invalidated if a 1H candle closes above 16,588. The range remains wide, so wait for confirmation rather than reacting to the 24-hour gain.
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#NMR #Crypto #Futures
NMR Futures is at 16,340 USDT, up 36,531% over 24 hours. The 1H candle just closed after touching 17,869, but retreated to 16,166, indicating selling pressure at higher levels.
🔴 Favor a downward move if the 1H candle closes below 15,376, the low of the candle that just closed. The next levels to watch are 15,357, then 15,171, based on the OHLCV data formed so far. This outlook is invalidated if a 1H candle closes above 16,588. The range remains wide, so wait for confirmation rather than reacting to the 24-hour gain.
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#NMR #Crypto #Futures
