๐ $NMR is losing bullish momentum... Is a drop toward $11.75 approaching? โ ๏ธ
$NMR faced price rejection near $12.60, then pulled back and settled around $12.30. The 15-minute chart shows a decline in buying momentum, increasing the likelihood of continued selling pressure, especially if the price breaks below the $12.20 support level.
๐ป SHORT trade setup
๐น Entry zone: $12.30โ$12.40
๐ฏ TP1: $12.20
๐ฏ TP2: $12.05
๐ฏ TP3: $11.90
๐ฏ TP4: $11.75
๐ Stop loss (SL): $12.65
๐ Key levels:
๐ด Bearish scenario: Continued trading below $12.45 would keep selling pressure in place, while a confirmed break below $12.20 could accelerate the decline toward the specified targets.
๐ข Recovery scenario: Reclaiming $12.45 could weaken the short-term bearish outlook and increase the chances of a price rebound.
โ ๏ธ Risk management: It is preferable to wait for confirmation of the breakdown before entering, adhere to the stop loss, and avoid risking all your capital.
๐ฅ Will $NMR lose the $12.20 level and head toward $11.75, or will buyers manage to regain control?
$NMR faced price rejection near $12.60, then pulled back and settled around $12.30. The 15-minute chart shows a decline in buying momentum, increasing the likelihood of continued selling pressure, especially if the price breaks below the $12.20 support level.
๐ป SHORT trade setup
๐น Entry zone: $12.30โ$12.40
๐ฏ TP1: $12.20
๐ฏ TP2: $12.05
๐ฏ TP3: $11.90
๐ฏ TP4: $11.75
๐ Stop loss (SL): $12.65
๐ Key levels:
๐ด Bearish scenario: Continued trading below $12.45 would keep selling pressure in place, while a confirmed break below $12.20 could accelerate the decline toward the specified targets.
๐ข Recovery scenario: Reclaiming $12.45 could weaken the short-term bearish outlook and increase the chances of a price rebound.
โ ๏ธ Risk management: It is preferable to wait for confirmation of the breakdown before entering, adhere to the stop loss, and avoid risking all your capital.
๐ฅ Will $NMR lose the $12.20 level and head toward $11.75, or will buyers manage to regain control?