$NMR: Major Support Breakdown Confirmed on $NMR Higher Timeframes
SHORT SETUP NMR
Entry: $11.9400 - $11.9600
Stop Loss: $12.3800
Take Profit: $11.0900 (2R)
Key Levels: Support $11.8600 | Resistance $18.9900
Technical Analysis for $NMR: Price sits just below EMA9 (11.95) and EMA21 (11.94), while MACD histogram is negative, indicating bearish momentum. RSI is neutral at 51 and stochastic shows K above D, offering a mild upside bias. The main risk is a bounce off the tight 11.9311.96 range; a break below 11.86 would confirm the short.
Market Context: BTC remains in a bullish trend on higher timeframes, while overall market breadth is mixed. This broader strength does not offset the
SHORT $NMR
SHORT SETUP NMR
Entry: $11.9400 - $11.9600
Stop Loss: $12.3800
Take Profit: $11.0900 (2R)
Key Levels: Support $11.8600 | Resistance $18.9900
Technical Analysis for $NMR: Price sits just below EMA9 (11.95) and EMA21 (11.94), while MACD histogram is negative, indicating bearish momentum. RSI is neutral at 51 and stochastic shows K above D, offering a mild upside bias. The main risk is a bounce off the tight 11.9311.96 range; a break below 11.86 would confirm the short.
Market Context: BTC remains in a bullish trend on higher timeframes, while overall market breadth is mixed. This broader strength does not offset the
SHORT $NMR
