#NMR is still in an uptrend. This morning, when the broader market saw a sharp wick down, it dropped along with it, then immediately rebounded.
This suggests there’s a market maker in control, with 90% of the tokens in their hands. If the price starts falling, it could plunge in a waterfall-like wick.
Trading plan: enter at 16.7, take profit around 20, and set a stop-loss at 15.
With a volatile coin like this, you can still make a quick profit by going with the trend. Fighting it could cost you dearly, because you never know when a wick will happen—it might even surge to a new high first and then suddenly wick down.
So if you can’t beat them, join them! Take my advice.
This suggests there’s a market maker in control, with 90% of the tokens in their hands. If the price starts falling, it could plunge in a waterfall-like wick.
Trading plan: enter at 16.7, take profit around 20, and set a stop-loss at 15.
With a volatile coin like this, you can still make a quick profit by going with the trend. Fighting it could cost you dearly, because you never know when a wick will happen—it might even surge to a new high first and then suddenly wick down.
So if you can’t beat them, join them! Take my advice.