📈 $NAORIS LONG: Reversal or Bull Trap?
While some are calling the recent price action a "trap," the technicals for $NAORIS /USDT are painting a much more bullish picture. We are currently seeing a potential bounce from a key range low, supported by a classic technical indicator reset.
🔍 Why This Setup?
4H Structure: The 4H chart has printed a solid LONG confirmation at these levels.
RSI Divergence: The 15m RSI recently touched 35, signaling an oversold condition within the larger daily range—a prime spot for a relief rally.
Volume: We are seeing stabilization in the entry zone, suggesting the selling pressure is exhausting.
🎯 The Trade Plan
Entry Zone: 0.028365 – 0.029529
Stop Loss (SL): 0.025456 (Protecting below the local swing low)
Take Profit (TP) Targets:
0.032438 (First Resistance)
0.033601 (Mid-Range)
0.035928 (Range High)
💬 The Debate
Is this the definitive bounce from the range low, or just a fakeout before we test deeper support? The RSI says we're ready to move, but market sentiment is split.
What’s your take? Are you jumping in at 0.028 or waiting for more confirmation?
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Nabiha Noor Always DYOR. Trading involves risk.
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