Update! 🤑 What a profitable day so far — and the momentum is still going! 3 short trades have already delivered 🔻💰 $ORCA / $MOVR / $SOON Still watching from the sidelines? This could be your opportunity to bounce back from previous losses!
$NMR Trend remains bullish despite the recent rejection at resistance.
Long Now
Entry: 17.90 - 16.50 SL: 13.70
TP1: 20.10 TP2: 22.60 TP3: 25.34
After a strong impulsive rally, NMR is consolidating just below resistance. The recent pullback appears to be profit-taking rather than a trend reversal. If buyers continue defending the current support zone, the uptrend has a good chance of extending toward fresh highs.
$ARB is currently trading at **$0.2018**, down **2.61% over 24 hours**. Based on the recent range, the data suggests a **cautious range-trading setup**, confirmed bullish signal.
**Long setup **Entry zone:** $0.195–$0.202, only if support holds.
**Stop-loss:** Below $0.185 on a daily close. **Target 1:** $0.220 **Target 2:** $0.230
**Plan:** **Hold/Wait** until ARB closes strongly above the $0.220–$0.230 resistance zone. The setup is invalidated if price breaks below $0.185.
Trading volume is approximately **$195.3M over 24 hours**, indicating active market participation, but recent momentum remains weak. Consider avoiding leverage and keeping risk per trade limited.
Many traders and investors still believe the bear market might not be completely finished, and technically that argument remains valid. The long-term downtrend cannot be considered fully broken until $BTC reclaims and holds above the $97,880 level.
However, there is also a strong case for a bullish outlook. The major bear trendline has already been broken with impressive momentum, which often signals a shift in market structure.
At this stage, probabilities favor further upside. A move toward $94K remains possible, though Bitcoin may need support from easing U.S. bond yields and a stronger U.S. stock market, potentially pushing toward the 8,000-point region.
Of course, no rally lasts forever. A correction is likely later on, and it could be significant—possibly forming a larger bull flag or a broad falling wedge similar to patterns seen in previous cycles. Before that happens, one more strong upward move could still be ahead.
The RSI also supports a bullish scenario, having broken out from a major downtrend that lasted more than two years. As long as RSI remains above that breakout line, the broader outlook continues to favor the bulls.